Focus Partners Advisor Solutions LLC trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 47.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,966 shares of the business services provider's stock after selling 3,610 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in S&P Global were worth $1,615,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. State of Wyoming increased its holdings in shares of S&P Global by 81.0% during the 2nd quarter. State of Wyoming now owns 476 shares of the business services provider's stock worth $194,000 after buying an additional 213 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of S&P Global by 14.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 462,920 shares of the business services provider's stock valued at $188,630,000 after buying an additional 58,930 shares during the period. Stoneridge Investment Partners LLC acquired a new position in S&P Global in the second quarter valued at approximately $568,000. One Wealth Advisors LLC lifted its holdings in S&P Global by 21.8% in the second quarter. One Wealth Advisors LLC now owns 2,476 shares of the business services provider's stock valued at $1,008,000 after acquiring an additional 443 shares during the last quarter. Finally, WPG Advisers LLC grew its position in S&P Global by 37.0% in the second quarter. WPG Advisers LLC now owns 100 shares of the business services provider's stock worth $41,000 after acquiring an additional 27 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.
S&P Global Trading Down 0.2%
Shares of NYSE SPGI opened at $418.15 on Monday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $565.28. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $422.53 and a 200-day simple moving average of $428.39. The stock has a market capitalization of $123.27 billion, a PE ratio of 25.53, a PEG ratio of 1.88 and a beta of 1.07.
S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.81 by $0.02. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.S&P Global's revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global's dividend payout ratio (DPR) is presently 23.69%.
Analysts Set New Price Targets
SPGI has been the subject of several recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of S&P Global in a research note on Monday, July 6th. JPMorgan Chase & Co. decreased their price target on S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 29th. Robert W. Baird lowered their price target on S&P Global from $521.00 to $513.00 and set an "outperform" rating for the company in a report on Wednesday, July 29th. UBS Group cut their price objective on S&P Global from $550.00 to $525.00 and set a "buy" rating for the company in a research report on Tuesday, July 7th. Finally, Barclays reduced their price objective on shares of S&P Global from $555.00 to $553.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $523.59.
View Our Latest Stock Report on SPGI
S&P Global Company Profile
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Free Report)
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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