S&P Global Inc. $SPGI Holdings Increased by Flputnam Investment Management Co.

Flputnam Investment Management Co. lifted its stake in S&P Global Inc. (NYSE:SPGI) by 87.2% in the second quarter, HoldingsChannel reports. The fund owned 4,009 shares of the business services provider’s stock after purchasing an additional 1,867 shares during the quarter. Flputnam Investment Management Co.’s holdings in S&P Global were worth $1,633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rehmann Capital Advisory Group increased its position in shares of S&P Global by 1.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock valued at $937,000 after purchasing an additional 22 shares during the period. Salomon & Ludwin LLC raised its stake in shares of S&P Global by 14.2% in the 4th quarter. Salomon & Ludwin LLC now owns 185 shares of the business services provider’s stock worth $99,000 after buying an additional 23 shares in the last quarter. Washington Trust Bank lifted its holdings in shares of 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 buying an additional 23 shares during the period. Davidson Trust Co. boosted its stake in S&P Global by 1.4% during the fourth quarter. Davidson Trust Co. now owns 1,727 shares of the business services provider’s stock valued at $903,000 after buying an additional 24 shares in the last quarter. Finally, Hibernia Wealth Partners LLC grew its holdings in S&P Global by 3.3% during the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after acquiring an additional 24 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Down 2.0%

S&P Global stock opened at $410.48 on Tuesday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $559.60. 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 cap of $121.01 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.88 and a beta of 1.07. The company’s fifty day simple moving average is $422.40 and its 200-day simple moving average is $427.58.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.81 by $0.02. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm’s revenue was up 10.4% on a year-over-year basis. During the same period 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. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company 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 is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is 23.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Citigroup upped their price target on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. lowered 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. Morgan Stanley dropped 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 report on Tuesday, July 7th. 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. Finally, Stifel Nicolaus lifted their price target on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $523.59.

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.