Gamco Investors INC. ET AL Sells 1,813 Shares of S&P Global Inc. $SPGI

Gamco Investors INC. ET AL trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.8% in the 2nd quarter, Holdings Channel reports. The firm owned 16,642 shares of the business services provider’s stock after selling 1,813 shares during the period. Gamco Investors INC. ET AL’s holdings in S&P Global were worth $6,778,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WealthShield Partners LLC lifted its holdings in S&P Global by 6.3% in the second quarter. WealthShield Partners LLC now owns 6,074 shares of the business services provider’s stock valued at $2,474,000 after acquiring an additional 360 shares during the period. Farringdon Capital Ltd. purchased a new position in S&P Global in the second quarter worth about $3,770,000. W1M Asset Management Ltd grew its stake in shares of S&P Global by 0.7% during the 2nd quarter. W1M Asset Management Ltd now owns 4,179 shares of the business services provider’s stock valued at $1,700,000 after purchasing an additional 28 shares during the period. Varma Mutual Pension Insurance Co grew its stake in shares of S&P Global by 3.9% during the 2nd quarter. Varma Mutual Pension Insurance Co now owns 67,007 shares of the business services provider’s stock valued at $27,289,000 after purchasing an additional 2,500 shares during the period. Finally, Westpac Banking Corp increased its position in shares of S&P Global by 48.6% during the 2nd quarter. Westpac Banking Corp now owns 5,421 shares of the business services provider’s stock valued at $2,208,000 after purchasing an additional 1,774 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.2%

Shares of SPGI opened at $431.10 on Friday. The firm has a market cap of $127.09 billion, a P/E ratio of 26.32, 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 Inc. has a 1 year low of $381.61 and a 1 year high of $559.44. The company has a 50 day simple moving average of $422.87 and a two-hundred day simple moving average of $425.46.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, 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 declared 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. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is presently 23.69%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group dropped their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Rothschild & Co Redburn reduced their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Barclays decreased their price target on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Morgan Stanley dropped their price target on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, The Goldman Sachs Group cut their price objective on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price 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.