Sanctuary Advisors LLC Sells 2,793 Shares of S&P Global Inc. $SPGI

Sanctuary Advisors LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 27,344 shares of the business services provider’s stock after selling 2,793 shares during the period. Sanctuary Advisors LLC’s holdings in S&P Global were worth $11,136,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SPGI. Joseph Group Capital Management acquired a new stake in shares of S&P Global during the fourth quarter worth $29,000. North Star Investment Management Corp. lifted its stake in S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after buying an additional 35 shares during the period. Palladiem LLC acquired a new position in S&P Global in the fourth quarter valued at about $36,000. Palisade Asset Management LLC acquired a new position in S&P Global in the third quarter valued at about $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global during the fourth quarter worth about $39,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.9%

Shares of S&P Global stock opened at $435.38 on Tuesday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $557.06. The business has a 50-day moving average of $423.08 and a two-hundred day moving average of $424.51. The company has a market capitalization of $128.35 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07. 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 (NYSE:SPGI) last released its quarterly earnings results 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. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the firm posted $4.43 earnings per share. S&P Global’s revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities analysts predict that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their target price on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a research note on Saturday, July 4th. Barclays decreased their price objective on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Royal Bank Of Canada lowered their target price on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Finally, BMO Capital Markets increased their target price on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Eighteen 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $523.59.

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.