S&P Global Inc. $SPGI Shares Sold by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 23.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,400 shares of the business services provider’s stock after selling 1,658 shares during the quarter. Tounjian Advisory Partners LLC’s holdings in S&P Global were worth $2,628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SPGI. MTM Investment Management LLC bought a new stake in S&P Global in the second quarter valued at about $27,000. J.Safra Asset Management Corp bought a new position in S&P Global during the 3rd quarter worth approximately $29,000. Spurstone Advisory Services LLC bought a new position in S&P Global during the 2nd quarter worth approximately $34,000. Howard Hughes Medical Institute acquired a new position in shares of S&P Global in the 2nd quarter worth approximately $36,000. Finally, First Pacific Financial increased its holdings in shares of S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SPGI shares. Stifel Nicolaus reduced their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Barclays reaffirmed an “overweight” rating and issued a $565.00 price target on shares of S&P Global in a report on Monday. The Goldman Sachs Group set a $498.00 price objective on shares of S&P Global in a research report on Wednesday, February 11th. Finally, Bank of America began coverage on shares of S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and a consensus price target of $562.67.

S&P Global Stock Up 0.9%

SPGI stock opened at $441.48 on Friday. The stock has a market cap of $131.91 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The firm’s 50-day simple moving average is $491.39 and its 200 day simple moving average is $502.26. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.02). The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is currently 26.48%.

About S&P Global

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.