Tidal Investments LLC Acquires 399,832 Shares of S&P Global Inc. $SPGI

Tidal Investments LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 343.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 516,235 shares of the business services provider’s stock after purchasing an additional 399,832 shares during the quarter. Tidal Investments LLC owned approximately 0.18% of S&P Global worth $198,989,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SPGI. Van Hulzen Asset Management LLC grew its stake in S&P Global by 25.0% during the second quarter. Van Hulzen Asset Management LLC now owns 1,206 shares of the business services provider’s stock valued at $491,000 after acquiring an additional 241 shares in the last quarter. MCF Advisors LLC grew its position in shares of S&P Global by 103.6% during the second quarter. MCF Advisors LLC now owns 729 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 371 shares in the last quarter. National Pension Service lifted its position in shares of S&P Global by 1.0% in the second quarter. National Pension Service now owns 732,083 shares of the business services provider’s stock worth $298,148,000 after buying an additional 7,258 shares in the last quarter. Triad Investment Management boosted its stake in S&P Global by 61.3% during the second quarter. Triad Investment Management now owns 5,857 shares of the business services provider’s stock valued at $2,385,000 after buying an additional 2,225 shares during the last quarter. Finally, Cidel Asset Management Inc. grew its holdings in S&P Global by 16.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 1,277 shares of the business services provider’s stock valued at $520,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SPGI. Daiwa Securities Group lowered their target price on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Robert W. Baird set a $513.00 target price on shares of S&P Global in a report on Wednesday, September 2nd. Bank of America lowered their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Zacks Research downgraded S&P Global from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Finally, Morgan Stanley lowered their price objective on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Stock Performance

SPGI stock opened at $418.95 on Thursday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25. The firm has a market cap of $123.51 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.07 and a beta of 1.07. The business’s fifty day simple moving average is $429.49 and its two-hundred day simple moving average is $425.82. 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 posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping 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 firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the business posted $4.43 earnings per share. The business’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. Analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

The company 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 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 payout ratio is presently 23.69%.

About S&P Global

S&P Global Inc (NYSE: SPGI) provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.