Allworth Financial LP Sells 1,301 Shares of S&P Global Inc. $SPGI

Allworth Financial LP lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 26.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,665 shares of the business services provider’s stock after selling 1,301 shares during the period. Allworth Financial LP’s holdings in S&P Global were worth $1,493,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dorsey Asset Management LLC purchased a new position in shares of S&P Global in the first quarter worth $94,716,000. Troy Asset Management Ltd boosted its position in shares of S&P Global by 26.2% during the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after buying an additional 8,652 shares during the last quarter. Capital International Inc. CA increased its holdings in S&P Global by 11.6% in the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock worth $36,955,000 after buying an additional 7,343 shares in the last quarter. NewEdge Advisors LLC increased its holdings in S&P Global by 17.9% in the 1st quarter. NewEdge Advisors LLC now owns 20,005 shares of the business services provider’s stock worth $8,509,000 after buying an additional 3,038 shares in the last quarter. Finally, ABN Amro Investment Solutions raised its position in S&P Global by 6.3% in the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock worth $79,060,000 after buying an additional 8,997 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Robert W. Baird set a $513.00 target price on shares of S&P Global in a research report on Wednesday, September 2nd. Barclays decreased their target price on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Bank of America cut their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, July 10th. The Goldman Sachs Group reduced their price objective on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Finally, Wall Street Zen upgraded S&P Global to a “hold” rating in a research report on Saturday, September 5th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Price Performance

Shares of SPGI stock opened at $410.55 on Friday. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25. The stock’s 50-day moving average is $428.38 and its 200 day moving average is $425.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $121.03 billion, a P/E ratio of 25.06, a PEG ratio of 1.98 and a beta of 1.07.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the firm posted $4.43 earnings per share. The business’s quarterly revenue 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. Research analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was 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 Inc (NYSE: SPGI) provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.