Sanctuary Advisors LLC Has $11.14 Million Stock Holdings in S&P Global Inc. $SPGI

Sanctuary Advisors LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 27,344 shares of the business services provider’s stock after selling 2,793 shares during the period. Sanctuary Advisors LLC’s holdings in S&P Global were worth $11,136,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. State Street Corp boosted its stake in S&P Global by 1.1% in the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock valued at $7,451,971,000 after buying an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. raised its stake in S&P Global by 5.4% during the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after acquiring an additional 600,440 shares in the last quarter. Morgan Stanley lifted its holdings in shares of S&P Global by 3.3% during the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock valued at $4,354,796,000 after acquiring an additional 263,051 shares during the period. Norges Bank bought a new position in shares of S&P Global during the fourth quarter valued at $2,398,991,000. Finally, Capital International Investors boosted its stake in shares of S&P Global by 43.6% in the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock valued at $1,587,910,000 after purchasing an additional 922,433 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price 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. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. UBS Group decreased 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 research note on Tuesday, July 7th. Rothschild & Co Redburn dropped their price objective 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. Finally, Bank of America cut their target price on shares of 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. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Up 0.9%

NYSE:SPGI opened at $435.38 on Tuesday. The stock’s fifty day moving average price is $423.08 and its two-hundred day moving average price is $424.51. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $557.06. 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 has a market cap of $128.35 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 1.94 and a beta of 1.07.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

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

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.