S&P Global Inc. $SPGI Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its position in S&P Global Inc. (NYSE:SPGI) by 19.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 285,845 shares of the business services provider’s stock after buying an additional 45,748 shares during the period. Jones Financial Companies Lllp’s holdings in S&P Global were worth $116,654,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Rehmann Capital Advisory Group lifted its stake in shares of S&P Global by 1.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock worth $937,000 after acquiring an additional 22 shares during the period. Washington Trust Bank increased its stake in shares of S&P Global by 1.2% during the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock worth $987,000 after acquiring an additional 23 shares during the period. 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 raised its holdings in S&P Global by 1.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock worth $795,000 after purchasing an additional 25 shares in the last quarter. Finally, Chapin Davis Inc. lifted its position in S&P Global by 1.9% in the fourth quarter. Chapin Davis Inc. now owns 1,389 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 26 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

S&P Global stock opened at $435.38 on Tuesday. The firm has a market capitalization of $128.35 billion, a PE ratio of 26.58, a P/E/G ratio of 1.94 and a beta of 1.07. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $557.06. The firm’s 50-day simple moving average is $423.08 and its 200 day simple moving average is $424.51. 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 posted its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.02. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities research analysts predict that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SPGI shares. The Goldman Sachs Group lowered their price objective on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Bank of America reduced their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Citigroup lifted their price target on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Finally, Daiwa Securities Group cut their price objective on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently 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.