Wealthfront Advisers LLC Has $15.72 Million Stock Holdings in S&P Global Inc. $SPGI

Wealthfront Advisers LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 38,610 shares of the business services provider’s stock after acquiring an additional 3,436 shares during the quarter. Wealthfront Advisers LLC’s holdings in S&P Global were worth $15,724,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in S&P Global by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock worth $15,873,340,000 after buying an additional 117,728 shares during the period. State Street Corp lifted its stake in S&P Global by 1.1% during the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock valued at $7,451,971,000 after buying an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. boosted its holdings in shares of S&P Global by 5.4% in the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after buying an additional 600,440 shares during the period. Morgan Stanley boosted its holdings in shares of S&P Global by 3.3% in the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after buying an additional 263,051 shares during the period. Finally, Norges Bank purchased a new position in shares of S&P Global in the fourth quarter worth approximately $2,398,991,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent analyst reports. Robert W. Baird cut their price target on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Bank of America decreased their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Royal Bank Of Canada lowered their price objective on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Barclays cut their target price on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Finally, Daiwa Securities Group reduced their target price on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Stock Performance

SPGI stock opened at $418.51 on Wednesday. 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 market cap of $123.38 billion, a P/E ratio of 25.55, a P/E/G ratio of 1.88 and a beta of 1.07. The firm has a 50 day simple moving average of $422.28 and a 200 day simple moving average of $426.80. 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 announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Research analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s payout ratio is currently 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.