S&P Global Inc. (NYSE:SPGI) Short Interest Update

S&P Global Inc. (NYSE:SPGI) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 8,818,887 shares, a growth of 74.2% from the July 15th total of 5,061,368 shares. Based on an average trading volume of 2,188,233 shares, the short-interest ratio is currently 4.0 days. Approximately 3.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On S&P Global

Hedge funds have recently modified their holdings of the business. Permanens Capital L.P. purchased a new position in shares of S&P Global in the second quarter worth about $1,706,000. Pingora Partners LLC acquired a new position in S&P Global during the second quarter worth about $29,000. Bamco Inc. NY acquired a new position in S&P Global during the second quarter worth about $14,896,000. Bank of America Corp DE purchased a new stake in S&P Global during the 2nd quarter valued at about $865,892,000. Finally, Port Capital LLC grew its stake in S&P Global by 1.3% during the 2nd quarter. Port Capital LLC now owns 28,633 shares of the business services provider’s stock valued at $11,661,000 after acquiring an additional 361 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of S&P Global stock traded down $7.18 during mid-day trading on Monday, reaching $411.62. 642,959 shares of the stock traded hands, compared to its average volume of 2,294,708. The stock has a market capitalization of $121.35 billion, a PE ratio of 25.13, a PEG ratio of 1.88 and a beta of 1.07. The business has a 50-day moving average of $422.53 and a 200 day moving average of $428.39. S&P Global has a fifty-two week low of $381.61 and a fifty-two week high of $559.60. 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 quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the business earned $4.43 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, analysts predict that S&P Global will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s payout ratio is 23.69%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of analyst reports. Rothschild & Co Redburn reduced their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Stifel Nicolaus boosted their price objective 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. Royal Bank Of Canada reduced their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. decreased their target price on S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company 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.