S&P Global Inc. (NYSE:SPGI) Short Interest Update

S&P Global Inc. (NYSE:SPGI) experienced a significant rise in short interest during February. As of February 28th, short interest totaled 3,620,000 shares, representing a 25.3% increase from the 2,890,000 shares reported on February 13th. With an average trading volume of 1,320,000 shares, the current short-interest ratio stands at 2.7 days. Approximately 1.2% of the company's shares are sold short.

S&P Global Stock Performance

The shares of S&P Global traded up by $7.89 on Monday, bringing the stock price to $494.38. During this trading session, 1,168,277 shares were exchanged, slightly higher than the average volume of 1,148,650 shares. Over the last twelve months, S&P Global has seen a low of $407.69 and a high of $545.39. The company boasts a market capitalization of $152.17 billion, a price-to-earnings ratio of 40.03, and a price-to-earnings-growth ratio of 2.41. Additionally, S&P Global's quick ratio and current ratio both stand at 0.85, while its debt-to-equity ratio is 0.34. The company's moving averages are $513.56 for the 50-day and $510.89 for the 200-day.

S&P Global Earnings Report

S&P Global announced its most recent earnings results on February 11th. The company reported earnings per share of $3.77 for the quarter, surpassing the consensus estimate of $3.41 by $0.36. The firm's return on equity is recorded at 14.33%, and it has a net margin of 27.12%. Compared to the same quarter from the previous year, which earned $3.13 in earnings per share, this reflects growth. Analysts project that S&P Global will achieve an earnings per share of 17.11 for the current fiscal year.

S&P Global Dividend Increase

Recently, S&P Global declared a quarterly dividend, which was paid out on March 12th. Shareholders on record as of February 26th received a dividend of $0.96, which translates to an annualized dividend of $3.84 and a yield of 0.78%. This is an increase from the prior quarterly dividend of $0.91. The ex-dividend date was February 26th, and the current dividend payout ratio stands at 31.09%.

Institutional Holdings and Hedge Fund Movements

Several hedge funds and institutional investors have adjusted their holdings in S&P Global. Wellington Management Group LLP increased its stake by 3.4% in the third quarter and now owns 8,868,375 shares valued at approximately $4.58 billion after acquiring an additional 292,436 shares. Geode Capital Management LLC raised its position by 1.8% in the fourth quarter, owning 6,589,982 shares worth around $3.27 billion following a purchase of 116,208 shares. FMR LLC also increased its stake by 6.6%, now holding 5,965,369 shares valued at $3.08 billion, with an additional purchase of 369,598 shares. In the fourth quarter, Norges Bank acquired a new position worth about $1.73 billion in S&P Global, while Northern Trust Corp increased its stake by 19.1%, owning 3,276,043 shares valued at $1.63 billion after purchasing 525,347 shares. Currently, 87.17% of the stock is held by institutional investors.

Research Analyst Ratings

S&P Global has been featured in various recent research reports. Citigroup initiated coverage on the stock with a 'buy' rating and a price target of $600.00. Wells Fargo raised their target from $617.00 to $633.00, maintaining an 'overweight' rating. BMO Capital Markets also increased its price objective from $576.00 to $590.00, rating the stock as 'outperform'. In contrast, Oppenheimer reduced its target price from $590.00 to $580.00 while keeping an 'outperform' rating. StockNews.com downgraded S&P Global from a 'buy' rating to a 'hold' rating. Overall, three analysts rated the stock as 'hold', while fourteen rated it as 'buy'. MarketBeat data indicates that S&P Global currently holds an average rating of 'Moderate Buy' with a consensus price target of $590.86.

About S&P Global Inc.

S&P Global, Inc provides transparent and independent ratings, benchmarks, analytics, and data for the capital and commodity markets globally. The company functions through segments such as Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.

S&P Global, Short Interest, Dividend