Tocqueville Asset Management L.P. Grows Position in S&P Global Inc. $SPGI

Tocqueville Asset Management L.P. increased its position in S&P Global Inc. (NYSE:SPGI) by 87.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 74,136 shares of the business services provider’s stock after purchasing an additional 34,663 shares during the period. Tocqueville Asset Management L.P.’s holdings in S&P Global were worth $30,193,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Joseph Group Capital Management purchased a new stake in shares of S&P Global during the fourth quarter worth about $29,000. North Star Investment Management Corp. increased its holdings in S&P Global by 134.6% during 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 period. Palladiem LLC bought a new position in S&P Global during the 4th quarter valued at approximately $36,000. Palisade Asset Management LLC bought a new position in S&P Global during the 3rd quarter valued at approximately $36,000. Finally, Swiss RE Ltd. purchased a new stake in S&P Global in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $427.02 on Thursday. The stock has a fifty day simple moving average of $422.28 and a two-hundred day simple moving average of $426.09. 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 company has a market cap of $125.89 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $559.60.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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 business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the firm posted $4.43 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Research analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded S&P Global to a “hold” rating in a research report on Saturday, July 4th. Barclays dropped their price target on 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. Zacks Research downgraded shares of S&P Global from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. BMO Capital Markets upped their price objective on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada dropped their target price on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average 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.