S&P Global Inc. $SPGI Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 82.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,051 shares of the business services provider's stock after selling 9,650 shares during the period. Greenwood Capital Associates LLC's holdings in S&P Global were worth $835,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Rehmann Capital Advisory Group boosted its stake in shares of S&P Global by 1.2% in the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider's stock valued at $937,000 after buying an additional 22 shares in the last quarter. Washington Trust Bank raised its position in S&P Global by 1.2% in the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider's stock worth $987,000 after acquiring an additional 23 shares in the last quarter. Hibernia Wealth Partners LLC lifted its holdings in S&P Global by 3.3% in the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider's stock valued at $321,000 after acquiring an additional 24 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in S&P Global by 2.8% in the fourth quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider's stock valued at $494,000 after acquiring an additional 26 shares during the period. Finally, Legacy Wealth Asset Management LLC boosted its position in shares of S&P Global by 1.2% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,272 shares of the business services provider's stock worth $925,000 after purchasing an additional 26 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent analyst reports. 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. Daiwa Securities Group reduced their price objective on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Barclays lowered their target price on shares of S&P Global from $555.00 to $553.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. Finally, Robert W. Baird dropped their target price on shares of S&P Global from $521.00 to $513.00 and set an "outperform" rating for the company in a report on Wednesday, July 29th. Eighteen investment 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $523.59.

S&P Global Trading Up 1.7%

Shares of S&P Global stock opened at $442.62 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $552.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day moving average price of $424.57 and a 200 day moving average price of $424.29. The company has a market capitalization of $130.48 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.99 and a beta of 1.07.

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. The firm had revenue of $4.15 billion for 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%.S&P Global's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global's dividend payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source