Empowered Funds LLC Makes New Investment in S&P Global Inc. $SPGI

Key Points

• Empowered Funds LLC initiated a position in S&P Global during the second quarter, purchasing 34,198 shares valued at approximately $13.9 million. Institutional investors collectively own 87.17% of the company.
• Analysts remain broadly bullish, with 18 Buy ratings, one Hold and one Sell; the stock has a “Moderate Buy” consensus and an average price target of $523.59.
• S&P Global exceeded quarterly earnings and revenue expectations, reporting $4.83 in EPS and $4.15 billion in revenue, up 10.4% year over year. The company also declared a quarterly dividend of $0.97 per share.

Empowered Funds LLC purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 34,198 shares of the business services provider's stock, valued at approximately $13,927,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after acquiring an additional 143 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider's stock worth $547,000 after purchasing an additional 75 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of S&P Global by 5.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider's stock valued at $893,511,000 after purchasing an additional 88,526 shares in the last quarter. Jump Financial LLC bought a new position in shares of S&P Global during the second quarter worth about $552,000. Finally, Main Street Financial Solutions LLC lifted its position in shares of S&P Global by 17.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider's stock worth $1,694,000 after purchasing an additional 472 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho lifted their price target on S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. Stifel Nicolaus upped their price objective on S&P Global from $489.00 to $521.00 and gave the company a "buy" rating in a research note on Friday, July 17th. Daiwa Securities Group reduced their target price on S&P Global from $490.00 to $485.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Citigroup lifted their target price on S&P Global from $454.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Finally, UBS Group lowered their price target on S&P Global from $550.00 to $525.00 and set a "buy" rating for the company in a report on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $442.62 on Friday. The firm's 50 day moving average is $424.57 and its two-hundred day moving average is $424.29. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25. The firm has a market capitalization of $130.48 billion, a P/E ratio of 27.02, a PEG ratio of 1.96 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating analysts' consensus estimates of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the previous year, the business earned $4.43 earnings per share. The company's revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global's dividend payout ratio is currently 23.69%.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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