Suncoast Equity Management Has $20 Million Stock Position in S&P Global Inc. $SPGI

Suncoast Equity Management reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,096 shares of the business services provider’s stock after selling 4,264 shares during the quarter. S&P Global accounts for about 2.5% of Suncoast Equity Management’s holdings, making the stock its 16th biggest holding. Suncoast Equity Management’s holdings in S&P Global were worth $19,995,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. Rehmann Capital Advisory Group raised its holdings in S&P Global by 1.2% in the 3rd 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 last quarter. Salomon & Ludwin LLC lifted its stake in shares of S&P Global by 14.2% in the fourth quarter. Salomon & Ludwin LLC now owns 185 shares of the business services provider’s stock worth $99,000 after acquiring an additional 23 shares during the period. Washington Trust Bank boosted its holdings in S&P Global by 1.2% in the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock valued at $987,000 after acquiring an additional 23 shares during the last quarter. Davidson Trust Co. boosted its holdings in S&P Global by 1.4% in the fourth quarter. Davidson Trust Co. now owns 1,727 shares of the business services provider’s stock valued at $903,000 after acquiring an additional 24 shares during the last quarter. Finally, Hibernia Wealth Partners LLC increased its position in S&P Global by 3.3% during the 1st quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 24 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $418.15 on Friday. The firm has a 50 day moving average of $422.53 and a 200-day moving average of $429.14. The company has a market cap of $123.27 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.90 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $565.28.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion for 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. 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 currently 23.69%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SPGI shares. Barclays reduced their price objective on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. BMO Capital Markets lifted their target price on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Jefferies Financial Group boosted their target price on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. UBS Group cut their price target on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, Daiwa Securities Group decreased their price target on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.