Tidal Investments LLC Purchases 399,832 Shares of S&P Global Inc. $SPGI

Tidal Investments LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 343.5% in the second quarter, Holdings Channel reports. The fund owned 516,235 shares of the business services provider’s stock after purchasing an additional 399,832 shares during the quarter. Tidal Investments LLC’s holdings in S&P Global were worth $198,989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in shares of S&P Global by 39,515.8% in the 2nd quarter. California State Teachers Retirement System now owns 187,868,631 shares of the business services provider’s stock worth $76,511,379,000 after purchasing an additional 187,394,404 shares during the period. Norges Bank bought a new position in S&P Global in the fourth quarter worth approximately $2,398,991,000. Bank of America Corp DE purchased a new stake in S&P Global during the second quarter worth $865,892,000. EdgePoint Investment Group Inc. purchased a new stake in S&P Global during the first quarter worth $702,911,000. Finally, Cardano Risk Management B.V. boosted its position in S&P Global by 858.3% during the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock valued at $919,879,000 after acquiring an additional 1,576,544 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of analyst reports. The Goldman Sachs Group cut their price target on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Rothschild & Co Redburn cut their target price on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Barclays reduced their target price on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Finally, Zacks Research cut shares of S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Eighteen research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Trading Down 2.4%

Shares of NYSE:SPGI opened at $418.95 on Thursday. The business’s 50-day moving average is $429.49 and its 200 day moving average is $425.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $552.25. The firm has a market capitalization of $123.51 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.07 and a beta of 1.07.

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, topping analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm earned $4.43 earnings per share. The company’s revenue 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 predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is presently 23.69%.

S&P Global Profile

S&P Global Inc (NYSE: SPGI) provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.