GTS Securities LLC Reduces Stock Holdings in S&P Global Inc. $SPGI

GTS Securities LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 69.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 684 shares of the business services provider’s stock after selling 1,541 shares during the quarter. GTS Securities LLC’s holdings in S&P Global were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Pingora Partners LLC acquired a new stake in shares of S&P Global during the second quarter worth about $29,000. Palladiem LLC acquired a new position in S&P Global during the fourth quarter worth approximately $36,000. Palisade Asset Management LLC acquired a new position in S&P Global during the third quarter worth approximately $36,000. Swiss RE Ltd. purchased a new stake in S&P Global in the fourth quarter valued at approximately $39,000. Finally, WPG Advisers LLC boosted its holdings in shares of S&P Global by 37.0% in the second quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 27 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Mizuho increased 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. Robert W. Baird lowered their price objective 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. JPMorgan Chase & Co. dropped 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 research note on Wednesday, July 29th. Finally, UBS Group reduced their target price on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Price Performance

Shares of NYSE SPGI opened at $436.70 on Tuesday. 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 stock has a fifty day moving average price of $425.16 and a 200 day moving average price of $424.39. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25. The company has a market cap of $128.74 billion, a PE ratio of 26.66, a P/E/G ratio of 1.99 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 earnings per share 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 analyst estimates 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Sell-side analysts forecast that S&P Global Inc. will post 17.75 EPS for the current 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 issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s payout ratio is presently 23.69%.

S&P Global 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.