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

Greenwood Capital Associates LLC cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 82.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,051 shares of the business services provider’s stock after selling 9,650 shares during the quarter. Greenwood Capital Associates LLC’s holdings in S&P Global were worth $835,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SPGI. Rehmann Capital Advisory Group lifted its stake in shares of S&P Global by 1.2% during 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 during the period. Washington Trust Bank grew its stake in 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 worth $987,000 after acquiring an additional 23 shares during the period. Hibernia Wealth Partners LLC raised its holdings in S&P Global by 3.3% in the 1st 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 last quarter. Prestige Wealth Management Group LLC raised its holdings in S&P Global by 2.8% in the 4th 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 last quarter. Finally, Legacy Wealth Asset Management LLC lifted its stake 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 during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price objective on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Mizuho raised their price target on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. BMO Capital Markets lifted their price target on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Rothschild & Co Redburn dropped their price objective on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a report on Saturday, July 4th. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Performance

S&P Global stock opened at $442.62 on Friday. The firm has a market capitalization of $130.48 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 1.99 and a beta of 1.07. S&P Global Inc. has a one year low of $381.61 and a one year high of $552.25. The stock’s 50 day moving average price is $424.57 and its 200 day moving average price is $424.29. 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) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. 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 earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, sell-side analysts expect that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is 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.