S&P Global Inc. $SPGI Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 19.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 285,845 shares of the business services provider's stock after acquiring an additional 45,748 shares during the period. Jones Financial Companies Lllp owned approximately 0.10% of S&P Global worth $116,654,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new stake in shares of S&P Global during the 4th quarter worth $29,000. North Star Investment Management Corp. boosted its holdings in S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider's stock valued at $32,000 after purchasing an additional 35 shares in the last quarter. Palladiem LLC purchased a new position in S&P Global in the fourth quarter valued at approximately $36,000. Palisade Asset Management LLC acquired a new stake in S&P Global during the third quarter worth approximately $36,000. Finally, Swiss RE Ltd. purchased a new stake in shares of S&P Global during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Trading Up 0.9%

Shares of S&P Global stock opened at $435.38 on Tuesday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $557.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $128.35 billion, a P/E ratio of 26.58, a PEG ratio of 1.94 and a beta of 1.07. The company's fifty day moving average is $423.08 and its two-hundred day moving average is $424.51.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS 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 during the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the prior year, the company earned $4.43 earnings per share. The business's revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts forecast that S&P Global Inc. will post 17.75 earnings per share 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 $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global's payout ratio is 23.69%.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of S&P Global from a "hold" rating to a "strong sell" rating in a research report on Monday, July 20th. Bank of America dropped their price objective on S&P Global from $575.00 to $550.00 and set a "buy" rating on the stock in a report on Friday, July 10th. JPMorgan Chase & Co. reduced their target price on S&P Global from $555.00 to $530.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. UBS Group decreased their target price 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, Stifel Nicolaus raised their price target on S&P Global from $489.00 to $521.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $523.59.

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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