Squarepoint Ops LLC Has $19.69 Million Position in S&P Global Inc. $SPGI

Squarepoint Ops LLC lowered its position in S&P Global Inc. (NYSE:SPGI) by 56.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 48,351 shares of the business services provider’s stock after selling 63,680 shares during the quarter. Squarepoint Ops LLC’s holdings in S&P Global were worth $19,691,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. California State Teachers Retirement System grew its holdings in S&P Global by 39,515.8% during the 2nd quarter. California State Teachers Retirement System now owns 187,868,631 shares of the business services provider’s stock worth $76,511,379,000 after acquiring an additional 187,394,404 shares during the last quarter. State Street Corp lifted its holdings in shares of 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 worth $7,451,971,000 after purchasing an additional 157,301 shares during the period. TCI Fund Management Ltd. lifted its holdings in shares of S&P Global by 5.4% during 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 purchasing an additional 600,440 shares during the period. Morgan Stanley lifted its holdings in shares of S&P Global by 3.3% during the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after purchasing an additional 263,051 shares during the period. Finally, Norges Bank bought a new stake in shares of S&P Global in the fourth quarter worth $2,398,991,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of recent research reports. Morgan Stanley decreased their price objective on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. BMO Capital Markets lifted their target price on S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Barclays reduced their price target on S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their price target on S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Finally, Rothschild & Co Redburn lowered their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Stock Performance

Shares of SPGI stock opened at $418.95 on Thursday. The firm has a 50 day moving average of $429.49 and a 200-day moving average of $425.82. The company has a market cap of $123.51 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.07 and a beta of 1.07. 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 Inc. has a 52 week low of $381.61 and a 52 week high of $552.25.

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, beating analysts’ consensus estimates of $4.81 by $0.02. The company 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%. S&P Global’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s payout ratio is 23.69%.

S&P Global Company Profile

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.