Mosaic Family Wealth Partners LLC Buys New Shares in S&P Global Inc. $SPGI

Mosaic Family Wealth Partners LLC purchased a new position in S&P Global Inc. (NYSE:SPGI) in the second quarter, HoldingsChannel.com reports. The firm purchased 3,297 shares of the business services provider’s stock, valued at approximately $1,343,000.

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

S&P Global Stock Down 1.1%

SPGI opened at $418.15 on Friday. The firm has a 50-day simple moving average of $422.53 and a two-hundred day simple moving average of $429.14. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $565.28. The company has a market capitalization of $123.27 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. 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 the consensus estimate of $4.81 by $0.02. The firm had revenue of $4.15 billion for 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 business’s revenue was up 10.4% compared to the same quarter last year. 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. Analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid 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 yield of 0.9%. S&P Global’s payout ratio is presently 23.69%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SPGI shares. Royal Bank Of Canada lowered their target price on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. Jefferies Financial Group raised their price target on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. Bank of America dropped their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Citigroup increased their target price on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Morgan Stanley decreased their target price 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. Eighteen equities research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.