Ieq Capital LLC Sells 36,732 Shares of S&P Global Inc. $SPGI

Ieq Capital LLC lowered its stake in S&P Global Inc. (NYSE:SPGI) by 39.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 56,202 shares of the business services provider’s stock after selling 36,732 shares during the period. Ieq Capital LLC’s holdings in S&P Global were worth $22,889,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SPGI. Joseph Group Capital Management bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $29,000. North Star Investment Management Corp. raised 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 buying an additional 35 shares during the period. Palladiem LLC purchased a new stake in S&P Global during the 4th quarter valued at $36,000. Palisade Asset Management LLC bought a new stake in S&P Global in the third quarter worth $36,000. Finally, Swiss RE Ltd. purchased a new position in S&P Global during the fourth quarter worth $39,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $431.10 on Friday. The firm’s 50 day simple moving average is $422.87 and its 200-day simple moving average is $425.46. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. S&P Global Inc. has a one year low of $381.61 and a one year high of $559.44. The firm has a market cap of $127.09 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07.

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 return on equity of 17.74% and a net margin of 31.37%.The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the business earned $4.43 earnings per share. S&P Global’s quarterly revenue 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. As a group, equities analysts predict that S&P Global Inc. will post 17.75 EPS 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. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. 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 is presently 23.69%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SPGI shares. Robert W. Baird cut their price objective on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Daiwa Securities Group dropped their price target on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Morgan Stanley decreased 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 research note on Tuesday, July 7th. Finally, Mizuho boosted their target price on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.