Professional Advisory Services Inc. Boosts Holdings in S&P Global Inc. $SPGI

Professional Advisory Services Inc. boosted its stake in S&P Global Inc. (NYSE:SPGI) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,728 shares of the business services provider’s stock after acquiring an additional 5,228 shares during the period. S&P Global accounts for about 2.7% of Professional Advisory Services Inc.’s holdings, making the stock its 22nd biggest position. Professional Advisory Services Inc.’s holdings in S&P Global were worth $22,696,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Joseph Group Capital Management bought a new stake in shares of S&P Global in the 4th quarter worth approximately $29,000. North Star Investment Management Corp. increased its position in S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares during the last quarter. Palladiem LLC purchased a new stake in S&P Global in the fourth quarter worth $36,000. Palisade Asset Management LLC bought a new stake in shares of S&P Global in the third quarter valued at $36,000. Finally, Swiss RE Ltd. purchased a new position in shares of S&P Global during the 4th quarter valued at $39,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Wells Fargo & Company cut their target price on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a research report on Saturday, July 4th. Evercore dropped their price target on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Finally, Morgan Stanley cut their price objective on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Price Performance

Shares of NYSE SPGI opened at $408.06 on Friday. The stock’s 50-day simple moving average is $423.21 and its two-hundred day simple moving average is $433.33. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The firm has a market capitalization of $120.30 billion, a P/E ratio of 24.91, a P/E/G ratio of 1.83 and a beta of 1.07. 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 issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate 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 return on equity of 17.74% and a net margin of 31.37%.S&P Global’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.74 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.0%. S&P Global’s dividend payout ratio is presently 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.