HighTower Advisors LLC Sells 20,172 Shares of S&P Global Inc. $SPGI

HighTower Advisors LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 15.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,930 shares of the business services provider’s stock after selling 20,172 shares during the period. HighTower Advisors LLC’s holdings in S&P Global were worth $44,363,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Convergence Financial LLC increased its position in S&P Global by 96.6% in the 2nd quarter. Convergence Financial LLC now owns 1,390 shares of the business services provider’s stock valued at $566,000 after acquiring an additional 683 shares during the period. Gryphon Financial Partners LLC lifted its holdings in shares of S&P Global by 25.7% during the second quarter. Gryphon Financial Partners LLC now owns 4,836 shares of the business services provider’s stock worth $1,969,000 after purchasing an additional 990 shares during the period. Parr Mcknight Wealth Management Group LLC grew its stake in shares of S&P Global by 2.3% in the second quarter. Parr Mcknight Wealth Management Group LLC now owns 7,603 shares of the business services provider’s stock worth $3,096,000 after purchasing an additional 168 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in S&P Global by 1.8% in the second quarter. Janney Montgomery Scott LLC now owns 116,071 shares of the business services provider’s stock valued at $47,271,000 after purchasing an additional 2,061 shares during the period. Finally, R Squared Ltd increased its holdings in S&P Global by 56.5% in the second quarter. R Squared Ltd now owns 3,129 shares of the business services provider’s stock valued at $1,274,000 after purchasing an additional 1,129 shares during the period. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SPGI. Zacks Research downgraded S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. BMO Capital Markets increased their price target on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Bank of America cut their price objective 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. Citigroup increased their target price on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Rothschild & Co Redburn dropped their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Performance

SPGI stock opened at $418.15 on Friday. The firm has a market cap of $123.27 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $422.53 and a 200-day moving average price of $429.14. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $565.28.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate 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 company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the company earned $4.43 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a $0.97 dividend. 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 23.69%.

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.