S&P Global Inc. (NYSE:SPGI) Sees Large Increase in Short Interest

S&P Global Inc. (NYSE:SPGI) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 4,881,483 shares, a growth of 56.7% from the January 29th total of 3,116,092 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 5,365,668 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 5,365,668 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.6% of the shares of the company are short sold.

Institutional Investors Weigh In On S&P Global

Institutional investors have recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after purchasing an additional 75 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in S&P Global by 9.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 1,654 shares of the business services provider’s stock worth $872,000 after purchasing an additional 136 shares during the period. Assetmark Inc. grew its holdings in S&P Global by 23.4% during the 2nd quarter. Assetmark Inc. now owns 11,141 shares of the business services provider’s stock valued at $5,874,000 after buying an additional 2,115 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its position in shares of S&P Global by 2.2% during the second quarter. Pinnacle Associates Ltd. now owns 5,083 shares of the business services provider’s stock valued at $2,680,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.9%

Shares of NYSE:SPGI opened at $441.48 on Friday. The stock has a 50 day moving average of $491.39 and a 200 day moving average of $501.86. The company has a market cap of $131.91 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. S&P Global has a 12-month low of $381.61 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 10th. The business services provider reported $4.30 EPS 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 firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business posted $3.77 EPS. S&P Global’s revenue was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities research analysts expect that S&P Global will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently announced 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 is a positive change from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. 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 presently 26.48%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. UBS Group cut their price target 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. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Barclays reissued an “overweight” rating and issued a $565.00 price objective on shares of S&P Global in a report on Monday, February 23rd. Finally, Mizuho reduced 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 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 has a consensus rating of “Buy” and a consensus target price 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.