Manning & Napier Advisors LLC Sells 1,640 Shares of S&P Global Inc. $SPGI

Manning & Napier Advisors LLC cut its holdings in S&P Global Inc. (NYSE:SPGI) by 85.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 286 shares of the business services provider’s stock after selling 1,640 shares during the quarter. Manning & Napier Advisors LLC’s holdings in S&P Global were worth $117,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Joseph Group Capital Management purchased a new stake in shares of S&P Global during the fourth quarter valued at about $29,000. North Star Investment Management Corp. raised its stake in shares of 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 worth $32,000 after purchasing an additional 35 shares during the last quarter. Palladiem LLC acquired a new stake in shares of S&P Global during the fourth quarter worth about $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global in the third quarter valued at approximately $36,000. Finally, Swiss RE Ltd. acquired a new position in S&P Global in the 4th quarter worth approximately $39,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Citigroup boosted their price objective on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Robert W. Baird decreased their price target on shares of S&P Global from $521.00 to $513.00 and set an “outperform” 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. Finally, Stifel Nicolaus upped their price target on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Price Performance

S&P Global stock opened at $433.18 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The company’s 50 day simple moving average is $423.07 and its 200-day simple moving average is $424.29. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $554.56. The company has a market capitalization of $127.70 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities research analysts expect 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 given a dividend of $0.97 per share. 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 is currently 23.69%.

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.