S&P Global Inc. (NYSE:SPGI) Short Interest Update

Key Points

• Short interest surged 74.2% to 8.82 million shares as of July 31, representing 3.0% of S&P Global’s outstanding stock and a short-interest ratio of 4.0 days.
• Analysts remain broadly optimistic, with 18 Buy, one Hold and one Sell rating. The stock has a “Moderate Buy” consensus and an average price target of $523.59.
• S&P Global beat quarterly expectations with $4.83 in EPS and $4.15 billion in revenue, up 10.4% year over year. The company also declared a quarterly dividend of $0.97 per share, yielding 0.9% annually.

S&P Global Inc. (NYSE:SPGI - Get Free Report) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 8,818,887 shares, an increase of 74.2% from the July 15th total of 5,061,368 shares. Currently, 3.0% of the company's stock are short sold. Based on an average trading volume of 2,188,233 shares, the short-interest ratio is presently 4.0 days.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research analyst reports. Wall Street Zen upgraded S&P Global to a "hold" rating in a research note on Saturday, July 4th. The Goldman Sachs Group decreased their price objective on shares of S&P Global from $539.00 to $490.00 and set a "buy" rating for the company in a research report on Wednesday, July 1st. Stifel Nicolaus lifted their target price on shares of S&P Global from $489.00 to $521.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. Robert W. Baird dropped their target price on shares of S&P Global from $521.00 to $513.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 29th. Finally, Daiwa Securities Group cut their price target on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 20th. Eighteen equities research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $523.59.

S&P Global Stock Performance

NYSE SPGI traded down $7.18 on Monday, reaching $411.62. 642,959 shares of the company's stock traded hands, compared to its average volume of 2,294,708. The firm has a market cap of $121.35 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 1.88 and a beta of 1.07. The stock has a 50 day moving average price of $422.53 and a 200-day moving average price of $428.39. S&P Global has a fifty-two week low of $381.61 and a fifty-two week high of $559.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities research analysts predict that S&P Global will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global's dividend payout ratio is presently 23.69%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in shares of S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after purchasing an additional 143 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in S&P Global by 7.8% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider's stock worth $547,000 after buying an additional 75 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in S&P Global by 5.5% during the second quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider's stock worth $893,511,000 after buying an additional 88,526 shares in the last quarter. Jump Financial LLC acquired a new stake in S&P Global during the second quarter valued at $552,000. Finally, Main Street Financial Solutions LLC grew its position in S&P Global by 17.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider's stock valued at $1,694,000 after buying an additional 472 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.

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