Global Retirement Partners LLC Purchases New Position in S&P Global Inc. $SPGI

Global Retirement Partners LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, Holdings Channel reports. The fund acquired 3,636 shares of the business services provider’s stock, valued at approximately $1,481,000.

Other large investors have also recently bought and sold shares of the company. Rehmann Capital Advisory Group raised its holdings in 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 worth $937,000 after purchasing an additional 22 shares during the period. Salomon & Ludwin LLC grew its holdings in shares of S&P Global by 14.2% in the 4th quarter. Salomon & Ludwin LLC now owns 185 shares of the business services provider’s stock valued at $99,000 after buying an additional 23 shares during the period. Washington Trust Bank increased its position in shares of S&P Global by 1.2% in the 4th quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock valued at $987,000 after buying an additional 23 shares in the last quarter. Davidson Trust Co. increased its position in shares of S&P Global by 1.4% in the 4th quarter. Davidson Trust Co. now owns 1,727 shares of the business services provider’s stock valued at $903,000 after buying an additional 24 shares in the last quarter. Finally, Hibernia Wealth Partners LLC raised its stake in S&P Global by 3.3% during the 1st quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after buying an additional 24 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SPGI. Bank of America decreased their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research note on Friday, July 10th. UBS Group dropped their price target on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Wall Street Zen upgraded S&P Global to a “hold” rating in a report on Saturday, July 4th. Morgan Stanley dropped their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, Citigroup boosted their price target on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Trading Down 2.0%

Shares of NYSE:SPGI opened at $410.48 on Tuesday. The company’s 50-day moving average price is $422.40 and its two-hundred day moving average price is $427.58. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. S&P Global Inc. has a one year low of $381.61 and a one year high of $559.60. The stock has a market capitalization of $121.01 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

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 issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is presently 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.