Great Lakes Advisors LLC Sells 97,482 Shares of S&P Global Inc. $SPGI

Great Lakes Advisors LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 99.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,034 shares of the business services provider's stock after selling 97,482 shares during the period. Great Lakes Advisors LLC's holdings in S&P Global were worth $421,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Joseph Group Capital Management bought a new stake in S&P Global during the fourth quarter worth $29,000. North Star Investment Management Corp. lifted its stake in S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider's stock valued at $32,000 after acquiring an additional 35 shares in the last quarter. Palladiem LLC bought a new position in S&P Global during the 4th quarter valued at $36,000. Palisade Asset Management LLC bought a new position in S&P Global during the 3rd quarter valued at $36,000. Finally, Swiss RE Ltd. purchased a new position in S&P Global during the 4th quarter worth $39,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPGI has been the subject of several recent analyst reports. Morgan Stanley reduced their target price on shares of S&P Global from $557.00 to $525.00 and set an "overweight" rating for the company in a research note on Tuesday, July 7th. Jefferies Financial Group raised their price target on shares of S&P Global from $500.00 to $535.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Barclays cut their price target 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. Citigroup upped their price objective on shares of 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, Mizuho increased their price objective on shares of S&P Global from $551.00 to $554.00 and gave the company an "outperform" rating in a research note on Tuesday, May 5th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global Stock Down 0.0%

SPGI stock opened at $431.10 on Monday. The stock has a market cap of $127.09 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.94 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. The stock's fifty day simple moving average is $422.87 and its two-hundred day simple moving average is $424.74. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $559.44.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.81 by $0.02. The firm had revenue of $4.15 billion during 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%.The business's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts expect that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The business 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 dividend of $0.97 per share. 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 presently 23.69%.

S&P Global Company 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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