Short Interest in S&P Global Inc. (NYSE:SPGI) Declines By 15.1%

S&P Global Inc. (NYSE:SPGI) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 3,773,466 shares, a drop of 15.1% from the February 26th total of 4,445,037 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,286,677 shares, the days-to-cover ratio is presently 1.7 days.

Wall Street Analysts Forecast Growth

Several research firms have commented on SPGI. Stifel Nicolaus cut their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Royal Bank Of Canada decreased their target price 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. Evercore set a $625.00 price target on S&P Global and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. UBS Group reduced their price objective on S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Finally, Barclays restated an “overweight” rating and issued a $565.00 price objective on shares of S&P Global in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, S&P Global has an average rating of “Buy” and a consensus target price of $563.53.

S&P Global Stock Up 0.2%

SPGI stock opened at $426.34 on Thursday. 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 firm has a 50-day moving average of $443.48 and a two-hundred day moving average of $482.44. S&P Global has a 12 month low of $381.61 and a 12 month high of $579.05. The company has a market cap of $127.39 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.88 and a beta of 1.20.

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

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.97 per share. 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. The ex-dividend date of this dividend was Wednesday, February 25th. S&P Global’s dividend payout ratio is presently 26.48%.

Institutional Trading of S&P Global

A number of hedge funds and other institutional investors have recently modified their holdings of SPGI. J.Safra Asset Management Corp purchased a new stake in shares of S&P Global in the third quarter valued at about $29,000. Joseph Group Capital Management purchased a new position in S&P Global during the fourth quarter worth about $29,000. North Star Investment Management Corp. raised its stake in S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares during the period. Howard Hughes Medical Institute acquired a new position in S&P Global in the 2nd quarter valued at about $36,000. Finally, First Pacific Financial grew its stake in shares of S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

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.