12,023 Shares in S&P Global Inc. $SPGI Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,023 shares of the business services provider’s stock, valued at approximately $4,896,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pingora Partners LLC purchased a new position in shares of S&P Global during the 2nd quarter worth $29,000. North Star Investment Management Corp. increased its position in shares of S&P Global by 134.6% during the 4th 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 purchased a new stake in S&P Global in the 4th quarter valued at about $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global in the 3rd quarter valued at about $36,000. Finally, Swiss RE Ltd. purchased a new stake in S&P Global in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SPGI. Barclays lowered their target price on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Robert W. Baird reduced 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. JPMorgan Chase & Co. decreased 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 report on Wednesday, July 29th. Daiwa Securities Group lowered their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, UBS Group cut their target price on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Stock Performance

Shares of S&P Global stock opened at $442.62 on Friday. The business has a 50-day moving average of $424.57 and a 200 day moving average of $424.29. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $552.25. The stock has a market capitalization of $130.48 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.96 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 (NYSE:SPGI) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.S&P Global’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $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 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s 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.