S&P Global Inc. (NYSE:SPGI) Short Interest Up 56.7% in February

S&P Global Inc. (NYSE:SPGI) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 4,881,483 shares, an increase of 56.7% from the January 29th total of 3,116,092 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 5,365,668 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 5,365,668 shares, the short-interest ratio is currently 0.9 days. Approximately 1.6% of the company’s stock are sold short.

S&P Global Trading Up 0.9%

Shares of NYSE SPGI opened at $441.48 on Friday. The firm’s 50 day moving average price is $491.39 and its 200-day moving average price is $501.86. S&P Global has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $131.91 billion, a PE ratio of 30.13, a P/E/G ratio of 1.96 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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). The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.S&P Global’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts expect that S&P Global will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is currently 26.48%.

Analyst Ratings Changes

SPGI has been the subject of several recent research reports. The Goldman Sachs Group set a $498.00 price objective on S&P Global in a research report on Wednesday, February 11th. UBS Group decreased their price target on shares of 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. Wells Fargo & Company dropped their price objective on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Robert W. Baird set a $546.00 price objective on shares of S&P Global in a report on Wednesday, February 11th. Finally, Mizuho lowered 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 report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average target price of $562.67.

Hedge Funds Weigh In On S&P Global

A number of hedge funds have recently bought and sold shares of SPGI. Arwa LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at about $1,486,000. Financially in Tune LLC bought a new position in S&P Global during the fourth quarter valued at approximately $994,000. MidFirst Bank bought a new position in S&P Global during the fourth quarter valued at approximately $146,000. Pacer Advisors Inc. boosted its holdings in S&P Global by 3.3% in the fourth quarter. Pacer Advisors Inc. now owns 26,504 shares of the business services provider’s stock worth $13,851,000 after purchasing an additional 854 shares during the last quarter. Finally, Arrow Capital Management LLC bought a new stake in S&P Global in the 4th quarter worth approximately $4,784,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

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.