Syntax Research Inc. Purchases New Shares in S&P Global Inc. $SPGI

Syntax Research Inc. purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,462 shares of the business services provider’s stock, valued at approximately $595,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pingora Partners LLC acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $29,000. Palladiem LLC bought a new position in shares of S&P Global during the fourth quarter worth approximately $36,000. Palisade Asset Management LLC acquired a new stake in shares of S&P Global in the third quarter valued at approximately $36,000. Swiss RE Ltd. acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $39,000. Finally, WPG Advisers LLC boosted its stake in shares of S&P Global by 37.0% in the second quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock valued at $41,000 after buying an additional 27 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of analyst reports. Wall Street Zen raised S&P Global to a “hold” rating in a research report on Saturday, July 4th. 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 report on Friday, July 17th. Bank of America cut their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, July 10th. JPMorgan Chase & Co. reduced their target price on 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, Zacks Research cut S&P Global from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Stock Up 4.3%

SPGI stock opened at $450.40 on Friday. The firm has a 50-day moving average price of $427.63 and a 200-day moving average price of $425.27. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $552.25. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $132.78 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 2.08 and a beta of 1.07.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion for 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 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 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

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

S&P Global 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.