Proficio Capital Partners LLC Takes $667,000 Position in S&P Global Inc. $SPGI

Proficio Capital Partners LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,638 shares of the business services provider’s stock, valued at approximately $667,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new position in shares of S&P Global in the 4th quarter valued at approximately $29,000. North Star Investment Management Corp. lifted its holdings 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 valued at $32,000 after purchasing an additional 35 shares in the last quarter. Palladiem LLC acquired a new position in shares of S&P Global during the fourth quarter worth about $36,000. Pingora Partners LLC bought a new position in shares of S&P Global during the second quarter worth about $29,000. Finally, Palisade Asset Management LLC bought a new stake in S&P Global in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.9%

SPGI opened at $436.93 on Thursday. 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 stock has a fifty day moving average of $423.45 and a 200-day moving average of $424.18. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $554.56. The company has a market capitalization of $128.81 billion, a P/E ratio of 26.67, a P/E/G ratio of 1.95 and a beta of 1.07.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the firm earned $4.43 earnings per share. S&P Global’s revenue for the quarter 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. On average, equities analysts expect that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

The business 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 $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is currently 23.69%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SPGI shares. Citigroup raised their price objective on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Rothschild & Co Redburn dropped their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Mizuho lifted their price objective on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Morgan Stanley dropped their price objective on 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, Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.