Short Interest in S&P Global Inc. (NYSE:SPGI) Declines By 15.1%

S&P Global Inc. (NYSE:SPGI) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 3,773,466 shares, a decline of 15.1% from the February 26th total of 4,445,037 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 2,286,677 shares, the days-to-cover ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of recent research reports. BMO Capital Markets raised their price target on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Royal Bank Of Canada cut their price objective on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Wells Fargo & Company decreased their target price on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Morgan Stanley lifted their price target on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, Barclays reiterated an “overweight” rating and issued a $565.00 price target on shares of S&P Global in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $563.53.

Hedge Funds Weigh In On S&P Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Joseph Group Capital Management acquired a new stake in shares of S&P Global during the 4th quarter valued at $29,000. J.Safra Asset Management Corp acquired a new position in S&P Global in the 3rd quarter worth about $29,000. North Star Investment Management Corp. raised its position 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 purchasing an additional 35 shares during the last quarter. Howard Hughes Medical Institute bought a new position in S&P Global in the second quarter valued at about $36,000. Finally, Palladiem LLC acquired a new stake in shares of S&P Global during the fourth quarter valued at about $36,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $417.42 on Tuesday. The firm’s 50 day simple moving average is $447.45 and its 200 day simple moving average is $483.68. The firm has a market capitalization of $124.72 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 1.80 and a beta of 1.23. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. S&P Global has a 1 year low of $381.61 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.02). The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, research analysts expect that S&P Global will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were given a $0.97 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is presently 26.48%.

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.