Sycale Advisors NY LLC Acquires New Stake in S&P Global Inc. $SPGI

Sycale Advisors NY LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 15,891 shares of the business services provider’s stock, valued at approximately $6,472,000. S&P Global makes up approximately 2.0% of Sycale Advisors NY LLC’s portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in S&P Global in the 4th quarter valued at about $2,398,991,000. EdgePoint Investment Group Inc. acquired a new stake in shares of S&P Global during the first quarter worth about $702,911,000. Cardano Risk Management B.V. boosted its stake in shares of S&P Global by 858.3% in the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock valued at $919,879,000 after purchasing an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of S&P Global by 2,256.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock valued at $755,996,000 after purchasing an additional 1,385,249 shares during the period. Finally, Soroban Capital Partners LP grew its holdings in shares of S&P Global by 260.3% in the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock valued at $718,247,000 after purchasing an additional 1,219,990 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SPGI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. The Goldman Sachs Group dropped their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Wall Street Zen raised S&P Global to a “hold” rating in a research report on Saturday, July 4th. Morgan Stanley reduced their price objective 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, JPMorgan Chase & Co. decreased their target price 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. 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 stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Trading Up 1.2%

NYSE SPGI opened at $431.70 on Friday. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $559.44. The firm has a 50 day moving average of $422.64 and a two-hundred day moving average of $425.42. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $127.27 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07.

S&P Global (NYSE:SPGI) last announced 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 business 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 company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts expect that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is 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.