S&P Global Inc. (NYSE:SPGI) Short Interest Update

S&P Global Inc. (NYSE:SPGI) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 8,818,887 shares, an increase of 74.2% from the July 15th total of 5,061,368 shares. Based on an average trading volume of 2,188,233 shares, the days-to-cover ratio is currently 4.0 days. Currently, 3.0% of the shares of the company are short sold.

S&P Global Price Performance

Shares of NYSE:SPGI traded up $7.16 during trading on Tuesday, hitting $417.69. 444,371 shares of the company’s stock were exchanged, compared to its average volume of 2,288,490. The business’s 50-day simple moving average is $422.40 and its 200 day simple moving average is $427.58. The company has a market cap of $123.13 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.88 and a beta of 1.07. S&P Global has a 52-week low of $381.61 and a 52-week high of $559.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted $4.43 EPS. S&P Global’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 analysts predict that S&P Global will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

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 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 0.9%. S&P Global’s dividend payout ratio (DPR) is presently 23.69%.

Hedge Funds Weigh In On S&P Global

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in S&P Global during the 4th quarter valued at $2,398,991,000. Bank of America Corp DE purchased a new stake in S&P Global in the second quarter worth $865,892,000. EdgePoint Investment Group Inc. bought a new stake in shares of S&P Global during the first quarter worth $702,911,000. Cardano Risk Management B.V. lifted its position in shares of S&P Global by 858.3% during 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. Finally, T. Rowe Price Investment Management Inc. boosted its stake 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 during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Zacks Research downgraded S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a report on Saturday, July 4th. Rothschild & Co Redburn decreased their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Finally, Citigroup lifted their price target on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

About S&P Global

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.