Pallas Capital Advisors LLC Sells 2,072 Shares of S&P Global Inc. $SPGI

Pallas Capital Advisors LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 36.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,674 shares of the business services provider’s stock after selling 2,072 shares during the quarter. Pallas Capital Advisors LLC’s holdings in S&P Global were worth $1,496,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SPGI. Norges Bank bought a new position in shares of S&P Global during the 4th quarter valued at about $2,398,991,000. EdgePoint Investment Group Inc. bought a new stake in S&P Global during the 1st quarter valued at $702,911,000. Cardano Risk Management B.V. boosted its holdings 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 period. T. Rowe Price Investment Management Inc. lifted its holdings in S&P Global by 2,256.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock worth $755,996,000 after buying an additional 1,385,249 shares during the period. Finally, Soroban Capital Partners LP lifted its stake in S&P Global by 260.3% in the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after acquiring an additional 1,219,990 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 2.0%

Shares of SPGI stock opened at $410.48 on Tuesday. The firm has a market capitalization of $121.01 billion, a PE ratio of 25.06, a PEG ratio of 1.88 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day simple moving average of $422.40 and a two-hundred day simple moving average of $427.58. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $559.60.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the business posted $4.43 earnings per share. The firm’s 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. On average, analysts predict that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed 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. 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%.

Analysts Set New Price Targets

Several analysts have weighed in on SPGI shares. Stifel Nicolaus lifted 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. Jefferies Financial Group raised their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Royal Bank Of Canada decreased their price target on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Finally, Robert W. Baird dropped their target price on 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. Eighteen 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

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.