Main Street Financial Solutions LLC Invests $582,000 in S&P Global Inc. $SPGI

Main Street Financial Solutions LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,428 shares of the business services provider’s stock, valued at approximately $582,000.

Other large investors have also bought and sold shares of the company. Dorsey Asset Management LLC acquired a new stake in S&P Global during the 1st quarter worth about $94,716,000. Troy Asset Management Ltd boosted its position in shares of S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after purchasing an additional 8,652 shares in the last quarter. Capital International Inc. CA grew its stake in S&P Global by 11.6% during the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock worth $36,955,000 after purchasing an additional 7,343 shares during the period. Pictet Asset Management Holding SA increased its holdings in S&P Global by 6.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider’s stock worth $107,480,000 after purchasing an additional 11,843 shares in the last quarter. Finally, ABN Amro Investment Solutions lifted its stake in S&P Global by 6.3% in the fourth quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock valued at $79,060,000 after buying an additional 8,997 shares during the period. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America cut their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Daiwa Securities Group dropped their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Finally, Mizuho raised their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. 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 company’s stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Trading Up 1.9%

NYSE SPGI opened at $418.51 on Wednesday. The company has a market cap of $123.38 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 1.88 and a beta of 1.07. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $559.60. The business has a 50 day moving average price of $422.28 and a 200-day moving average price of $426.80. 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 (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (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 analysts’ expectations of $4.09 billion. During the same period last year, the business earned $4.43 EPS. S&P Global’s quarterly 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 expect that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 yield of 0.9%. S&P Global’s dividend payout ratio is presently 23.69%.

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.