Moran Wealth Management LLC Cuts Stake in S&P Global Inc. $SPGI

Moran Wealth Management LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 6.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,732 shares of the business services provider’s stock after selling 1,591 shares during the quarter. Moran Wealth Management LLC’s holdings in S&P Global were worth $9,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SPGI. Joseph Group Capital Management purchased a new stake in S&P Global during the 4th quarter valued at about $29,000. North Star Investment Management Corp. raised its holdings in S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares during the last quarter. Palladiem LLC purchased a new position in S&P Global in the fourth quarter worth about $36,000. Palisade Asset Management LLC bought a new position in shares of S&P Global in the third quarter worth approximately $36,000. Finally, Swiss RE Ltd. bought a new position in shares of S&P Global in the fourth quarter worth approximately $39,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Barclays lowered their price objective 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. Royal Bank Of Canada cut their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. UBS Group reduced their target price on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Finally, Bank of America decreased their price target on 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. Eighteen 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 stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Down 1.1%

Shares of SPGI stock opened at $418.15 on Friday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $565.28. The company has a 50 day simple moving average of $422.53 and a two-hundred day simple moving average of $429.14. The stock has a market cap of $123.27 billion, a P/E ratio of 25.53, a P/E/G ratio of 1.88 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm earned $4.43 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given 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 is Wednesday, August 26th. S&P Global’s dividend payout ratio is currently 23.69%.

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.