S&P Global Inc. $SPGI Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,899,509 shares of the business services provider’s stock after selling 64,082 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in S&P Global were worth $1,180,854,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. North Star Investment Management Corp. lifted its position in S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares during the last quarter. Palladiem LLC bought a new position in S&P Global in the 4th quarter worth about $36,000. Pingora Partners LLC bought a new position in S&P Global in the 2nd quarter worth about $29,000. Palisade Asset Management LLC acquired a new stake in shares of S&P Global in the third quarter valued at approximately $36,000. Finally, Swiss RE Ltd. acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 1.7%

S&P Global stock opened at $442.62 on Friday. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25. The stock has a market cap of $130.48 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 1.99 and a beta of 1.07. The company’s 50-day moving average price is $424.57 and its two-hundred day moving average price is $424.29. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.

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 for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, analysts expect that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. Zacks Research downgraded S&P Global from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Citigroup raised their target price on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Mizuho lifted their target price on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Bank of America cut their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Finally, Wall Street Zen upgraded S&P Global to a “hold” rating in a research report on Saturday, July 4th. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.