S&P Global Inc. $SPGI Shares Sold by BLB&B Advisors LLC

BLB&B Advisors LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 65.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,850 shares of the business services provider's stock after selling 5,457 shares during the period. BLB&B Advisors LLC's holdings in S&P Global were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Joseph Group Capital Management bought a new stake in S&P Global during the 4th quarter valued at $29,000. North Star Investment Management Corp. grew its stake in shares of 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 worth $32,000 after purchasing an additional 35 shares in the last quarter. Palisade Asset Management LLC acquired a new position in shares of S&P Global during the third quarter valued at $36,000. Palladiem LLC acquired a new position in shares of S&P Global during the fourth quarter valued at $36,000. Finally, Swiss RE Ltd. bought a new stake in shares of S&P Global during the fourth quarter valued at about $39,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SPGI shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of S&P Global in a report on Monday, July 6th. Bank of America lowered their target price on shares of S&P Global from $575.00 to $550.00 and set a "buy" rating on the stock in a research note on Friday, July 10th. Rothschild & Co Redburn dropped their price target on shares of S&P Global from $540.00 to $520.00 and set a "buy" rating on the stock in a research report on Thursday, June 18th. Mizuho upped their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada decreased their price objective on shares of S&P Global from $560.00 to $510.00 and set an "outperform" rating for the company in a report on Tuesday, July 7th. Eighteen investment 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's stock. According to data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global Stock Down 1.1%

Shares of S&P Global stock opened at $418.15 on Friday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $565.28. The firm has a market capitalization of $123.27 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock's fifty day moving average is $422.53 and its 200-day moving average is $429.14.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results 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 business 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%.S&P Global's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 dividend on an annualized basis 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.

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