Professional Advisory Services Inc. Purchases 5,228 Shares of S&P Global Inc. $SPGI

Professional Advisory Services Inc. boosted its position in S&P Global Inc. (NYSE:SPGI) by 10.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 55,728 shares of the business services provider’s stock after purchasing an additional 5,228 shares during the period. S&P Global comprises approximately 2.7% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 22nd largest position. Professional Advisory Services Inc.’s holdings in S&P Global were worth $22,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SPGI. 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. grew its holdings in shares of 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 last quarter. Palladiem LLC purchased a new position in S&P Global in the 4th quarter worth $36,000. Palisade Asset Management LLC purchased a new position in S&P Global in the 3rd quarter worth $36,000. Finally, Swiss RE Ltd. bought a new stake in S&P Global in the fourth quarter worth $39,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPGI. Morgan Stanley reduced their price objective on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Stifel Nicolaus boosted their price objective on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Rothschild & Co Redburn dropped their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada decreased their target price on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Performance

Shares of SPGI stock opened at $408.06 on Friday. The firm has a market capitalization of $120.30 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 1.83 and a beta of 1.07. The stock has a fifty day moving average of $423.21 and a 200 day moving average of $433.33. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. 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 business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts expect that S&P Global Inc. will post 17.74 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. The ex-dividend date 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 23.69%.

S&P Global Company 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.