Waverly Advisors LLC Has $2.82 Million Position in S&P Global Inc. $SPGI

Key Points

• Waverly Advisors reduced its S&P Global position by 37.8% in the second quarter, selling 4,195 shares and retaining 6,917 shares valued at approximately $2.82 million. Institutional investors collectively own 87.17% of the company.
• Analysts remain broadly bullish, with 18 Buy ratings, one Hold and one Sell; S&P Global has a consensus “Moderate Buy” rating and an average price target of $523.59.
• S&P Global beat quarterly expectations with $4.83 in adjusted EPS and $4.15 billion in revenue, up 10.4% year over year. The company also declared a $0.97 quarterly dividend, equivalent to a 0.9% annualized yield.

Waverly Advisors LLC cut its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 37.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,917 shares of the business services provider's stock after selling 4,195 shares during the period. Waverly Advisors LLC's holdings in S&P Global were worth $2,817,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pingora Partners LLC bought a new position in S&P Global in the 2nd quarter worth approximately $29,000. Palladiem LLC acquired a new stake in shares of S&P Global in the fourth quarter worth $36,000. Palisade Asset Management LLC bought a new position in S&P Global during the third quarter worth $36,000. Swiss RE Ltd. bought a new position in S&P Global during the fourth quarter worth $39,000. Finally, WPG Advisers LLC raised its stake in S&P Global by 37.0% during the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider's stock valued at $41,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on SPGI shares. Weiss Ratings restated a "hold (c)" rating on shares of S&P Global in a research report on Monday, July 6th. Citigroup increased their target price on shares of S&P Global from $454.00 to $500.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Robert W. Baird set a $513.00 price target on S&P Global in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. cut their price target 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. Finally, Bank of America decreased 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. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global Price Performance

Shares of SPGI opened at $410.55 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $552.25. The stock has a market cap of $121.03 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07. The stock's 50-day moving average price is $428.38 and its two-hundred day moving average price is $425.67.

S&P Global (NYSE:SPGI - Get Free Report) last announced 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. 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 for the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the company posted $4.43 EPS. S&P Global's revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts predict 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 announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 26th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 26th. S&P Global's dividend payout ratio is presently 23.69%.

About S&P Global

S&P Global Inc NYSE: SPGI provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.

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