Focus Partners Wealth Sells 2,287 Shares of S&P Global Inc. $SPGI

Focus Partners Wealth cut its position in S&P Global Inc. (NYSE:SPGI) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 179,936 shares of the business services provider’s stock after selling 2,287 shares during the period. Focus Partners Wealth’s holdings in S&P Global were worth $87,585,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares during the period. Sivia Capital Partners LLC boosted its position in S&P Global by 7.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after buying an additional 75 shares during the period. Foundations Investment Advisors LLC boosted its position in S&P Global by 3.5% during the 2nd quarter. Foundations Investment Advisors LLC now owns 2,783 shares of the business services provider’s stock worth $1,467,000 after buying an additional 95 shares during the period. SG Americas Securities LLC grew its holdings in S&P Global by 110.1% during the 2nd quarter. SG Americas Securities LLC now owns 4,887 shares of the business services provider’s stock worth $2,577,000 after acquiring an additional 53,479 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in S&P Global by 0.9% during the 2nd quarter. Cetera Investment Advisers now owns 91,896 shares of the business services provider’s stock worth $48,456,000 after acquiring an additional 797 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on SPGI. UBS Group dropped their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Royal Bank Of Canada reduced their price objective on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Evercore set a $625.00 price objective on S&P Global and gave the company an “outperform” rating in a report on Wednesday, February 11th. Weiss Ratings downgraded S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Finally, The Goldman Sachs Group set a $498.00 price target on S&P Global in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $562.67.

S&P Global Price Performance

Shares of SPGI opened at $427.09 on Tuesday. The firm has a market cap of $127.61 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The business’s 50 day moving average price is $472.19 and its two-hundred day moving average price is $492.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.02). The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were issued a $0.97 dividend. The ex-dividend date was Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is 26.48%.

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.