Equitable Holdings Inc. Acquires Shares of 4,730 S&P Global Inc. $SPGI

Key Points

• Equitable Holdings established a new S&P Global position by purchasing 4,730 shares valued at approximately $1.93 million. Institutional investors collectively own 87.17% of S&P Global.
• S&P Global reported quarterly earnings of $4.83 per share and revenue of $4.15 billion, exceeding analyst expectations, while revenue increased 10.4% year over year.
• The company declared a quarterly dividend of $0.97 per share, equal to a $3.88 annualized payout and a 0.9% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $523.59.

Equitable Holdings Inc. acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,730 shares of the business services provider's stock, valued at approximately $1,926,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dorsey Asset Management LLC acquired a new stake in S&P Global in the first quarter valued at $94,716,000. Troy Asset Management Ltd boosted its position in shares of S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider's stock worth $21,795,000 after acquiring an additional 8,652 shares in the last quarter. Capital International Inc. CA increased its holdings in shares of S&P Global by 11.6% in the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider's stock valued at $36,955,000 after acquiring an additional 7,343 shares during the last quarter. ABN Amro Investment Solutions increased its holdings in shares of S&P Global by 6.3% in the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider's stock valued at $79,060,000 after acquiring an additional 8,997 shares during the last quarter. Finally, Danske Bank A S raised its position in shares of S&P Global by 8.9% during the 4th quarter. Danske Bank A S now owns 225,778 shares of the business services provider's stock worth $117,989,000 after acquiring an additional 18,465 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Trading Up 1.7%

NYSE:SPGI opened at $442.62 on Friday. The company has a market capitalization of $130.48 billion, a PE ratio of 27.02, a P/E/G ratio of 1.96 and a beta of 1.07. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $552.25. The stock's 50 day moving average price is $424.57 and its 200 day moving average price is $424.29. The company has a quick ratio of 0.95, a current 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. The company had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, research analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a $0.97 dividend. The ex-dividend date 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 23.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SPGI shares. Wall Street Zen upgraded S&P Global to a "hold" rating in a research note on Saturday, July 4th. The Goldman Sachs Group cut their price objective on shares of S&P Global from $539.00 to $490.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Bank of America reduced their price objective on shares of S&P Global from $575.00 to $550.00 and set a "buy" rating for the company in a research report on Friday, July 10th. Daiwa Securities Group lowered their target price on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. Finally, Stifel Nicolaus increased their target price on shares of S&P Global from $489.00 to $521.00 and gave the company a "buy" rating in a research report on Friday, July 17th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $523.59.

S&P Global Profile

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.

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