Short Interest in S&P Global Inc. (NYSE:SPGI) Declines By 24.9%

S&P Global Inc. (NYSE:SPGI) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 3,116,092 shares, a drop of 24.9% from the January 15th total of 4,148,383 shares. Based on an average daily volume of 1,613,084 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.0% of the shares of the company are short sold. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 1,613,084 shares, the days-to-cover ratio is presently 1.9 days.

S&P Global Trading Up 3.2%

SPGI stock opened at $410.04 on Tuesday. S&P Global has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $122.52 billion, a P/E ratio of 27.99, a PEG ratio of 1.93 and a beta of 1.20. The company’s 50-day simple moving average is $505.74 and its 200-day simple moving average is $510.15.

S&P Global (NYSE:SPGI) last released its quarterly earnings results 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). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the company posted $3.77 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts forecast that S&P Global will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

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

Hedge Funds Weigh In On S&P Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPGI. Brighton Jones LLC increased its stake in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after acquiring an additional 75 shares during the last quarter. Angeles Wealth Management LLC increased its position in shares of S&P Global by 23.7% during the second quarter. Angeles Wealth Management LLC now owns 699 shares of the business services provider’s stock worth $369,000 after purchasing an additional 134 shares in the last quarter. Stratos Wealth Advisors LLC increased its position in shares of S&P Global by 14.9% during the second quarter. Stratos Wealth Advisors LLC now owns 995 shares of the business services provider’s stock worth $525,000 after purchasing an additional 129 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in S&P Global by 3.5% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 9,644 shares of the business services provider’s stock valued at $5,085,000 after purchasing an additional 325 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Mizuho decreased their target price 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. The Goldman Sachs Group set a $498.00 price target on S&P Global in a research report on Wednesday, February 11th. Stifel Nicolaus decreased their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Finally, Robert W. Baird set a $546.00 target price on S&P Global in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $576.38.

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.