Equitable Holdings Inc. Purchases New Holdings in S&P Global Inc. $SPGI

Equitable Holdings Inc. acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, HoldingsChannel reports. The firm acquired 4,730 shares of the business services provider’s stock, valued at approximately $1,926,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rehmann Capital Advisory Group raised its stake in shares of S&P Global by 1.2% during the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock worth $937,000 after purchasing an additional 22 shares during the last quarter. Washington Trust Bank grew its position in S&P Global by 1.2% in the 4th quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock valued at $987,000 after buying an additional 23 shares during the last quarter. Hibernia Wealth Partners LLC increased its stake in shares of S&P Global by 3.3% during the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after acquiring an additional 24 shares during the period. Conestoga Capital Advisors LLC lifted its position in S&P Global by 1.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock valued at $795,000 after purchasing an additional 25 shares during the period. Finally, Prestige Wealth Management Group LLC lifted its position in S&P Global by 2.8% in the fourth quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 26 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Up 1.7%

SPGI stock opened at $442.62 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $424.57 and its 200 day moving average price is $424.29. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25. The company has a market cap of $130.48 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.96 and a beta of 1.07.

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, beating 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 company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the company posted $4.43 earnings per share. The firm’s quarterly revenue 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, research analysts expect 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. Investors of record on Wednesday, August 26th will be paid a $0.97 dividend. 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 dividend payout ratio (DPR) is presently 23.69%.

Analysts Set New Price Targets

Several equities analysts have issued reports on SPGI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $510.00 price target on shares of S&P Global in a report on Wednesday. UBS Group decreased their price target on 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. Zacks Research lowered S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Finally, Robert W. Baird cut their price objective on S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global 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.