Goodman Advisory Group LLC Sells 6,050 Shares of S&P Global Inc. $SPGI

Goodman Advisory Group LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 96.8% during the 3rd quarter, Holdings Channel reports. The firm owned 203 shares of the business services provider’s stock after selling 6,050 shares during the period. Goodman Advisory Group LLC’s holdings in S&P Global were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SPGI. Jones Financial Companies Lllp boosted its stake in S&P Global by 17.7% in the third quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock valued at $32,541,000 after acquiring an additional 10,044 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of S&P Global by 4.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after purchasing an additional 850 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in shares of S&P Global by 324.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock worth $13,673,000 after purchasing an additional 21,481 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of S&P Global by 3.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock worth $456,656,000 after purchasing an additional 30,080 shares during the period. Finally, Collier Financial bought a new stake in shares of S&P Global in the 3rd quarter worth approximately $2,865,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.3%

SPGI opened at $452.52 on Friday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. The company has a market cap of $135.21 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $483.57 and a 200 day moving average of $498.01.

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

S&P Global Increases Dividend

The business also recently disclosed 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 represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio is presently 26.48%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SPGI. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Morgan Stanley boosted their target price on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada dropped their price target on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Finally, Mizuho decreased their price objective on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $562.67.

S&P Global Company 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.