Silvant Capital Management LLC Sells 1,766 Shares of S&P Global Inc. $SPGI

Silvant Capital Management LLC reduced its position in S&P Global Inc. (NYSE:SPGI) by 10.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,579 shares of the business services provider’s stock after selling 1,766 shares during the period. Silvant Capital Management LLC’s holdings in S&P Global were worth $6,345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. Norges Bank purchased a new stake in S&P Global during the 4th quarter valued at $2,398,991,000. EdgePoint Investment Group Inc. purchased a new position in shares of S&P Global in the first quarter worth $702,911,000. Cardano Risk Management B.V. raised its stake in shares of S&P Global by 858.3% in the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after purchasing an additional 1,576,544 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of S&P Global by 2,256.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock valued at $755,996,000 after purchasing an additional 1,385,249 shares in the last quarter. Finally, Soroban Capital Partners LP lifted its holdings in shares of S&P Global by 260.3% during the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock valued at $718,247,000 after purchasing an additional 1,219,990 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Up 1.2%

S&P Global stock opened at $431.70 on Friday. S&P Global Inc. has a one year low of $381.61 and a one year high of $559.44. The stock has a fifty day moving average of $422.64 and a 200 day moving average of $425.42. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $127.27 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.81 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business’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 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a $0.97 dividend. 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 dividend payout ratio is 23.69%.

Analysts Set New Price Targets

Several research firms recently commented on SPGI. Wall Street Zen upgraded S&P Global to a “hold” rating in a report on Saturday, July 4th. Zacks Research cut shares of S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Bank of America dropped their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Barclays reduced their price target on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group boosted their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.