HighTower Advisors LLC Sells 4,769 Shares of S&P Global Inc. $SPGI

HighTower Advisors LLC decreased its position in S&P Global Inc. (NYSE:SPGI) by 2.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161,470 shares of the business services provider’s stock after selling 4,769 shares during the quarter. HighTower Advisors LLC owned approximately 0.05% of S&P Global worth $78,594,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SPGI. MTM Investment Management LLC bought a new position in shares of S&P Global in the 2nd quarter worth approximately $27,000. J.Safra Asset Management Corp bought a new stake in S&P Global during the third quarter valued at approximately $29,000. Spurstone Advisory Services LLC purchased a new stake in S&P Global during the second quarter valued at approximately $34,000. Howard Hughes Medical Institute bought a new position in S&P Global in the second quarter worth approximately $36,000. Finally, Solstein Capital LLC purchased a new position in shares of S&P Global during the 2nd quarter worth $38,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

NYSE:SPGI opened at $410.04 on Tuesday. The business’s 50-day simple moving average is $505.74 and its two-hundred day simple moving average is $510.15. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The stock has a market cap of $122.52 billion, a PE ratio of 27.99, a P/E/G ratio of 1.93 and a beta of 1.20. 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 data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 26.21%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPGI. Mizuho cut their price objective on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Evercore upped their price target on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Robert W. Baird set a $546.00 price objective on S&P Global in a research note on Wednesday, February 11th. Finally, Evercore ISI set a $625.00 price objective on S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and eighteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $576.38.

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.