Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. (NYSE: SPGI) is a leading provider of essential financial intelligence, empowering governments, businesses, and individuals with the right data, expertise, and connected technology to make decisions confidently. As the largest of the Big Three credit rating agencies, S&P Global provides a wide array of services including credit ratings, benchmarks, analytics, and workflow solutions that cater to the global capital, commodity, and automotive markets.
S&P Global Ratings is renowned for its financial research and analysis on stocks, bonds, and commodities. This segment remains the largest credit rating agency worldwide and is pivotal to the company’s profitability. Another significant segment, Market Intelligence, offers desktop, data, and advisory solutions, primarily targeting the financial services industry with platforms like Capital IQ Pro. This division was recently bolstered by the acquisition of Visible Alpha, enhancing its investment research and analytics capabilities.
In addition to these core areas, S&P Global encompasses Commodity Insights (including Platts), Mobility (with Carfax), and Indices (featuring the S&P 500® and Dow Jones Industrial Average®). The company's commitment to innovation and market leadership is further demonstrated through its strategic partnerships and acquisitions, such as the integration with CarNow to enhance automotive data analytics and customer engagement.
Recent news highlights include the integration of DigitalOcean Holdings Inc. into the S&P SmallCap 600, the enhanced oil sands production outlook by S&P Global Commodity Insights, and the strategic partnership between automotiveMastermind and CarNow. Moreover, the company's surveys and reports, like the one conducted with AARP on adult caregiving, showcase its role in addressing contemporary societal challenges.
Visit S&P Global for more information on their offerings and insights.
Pirum and S&P Global Market Intelligence Cappitech have extended their collaboration to cover upcoming SEC 10c-1a regulation, building on the success of their SFTR solution. The new reporting solution will assist clients in meeting reporting obligations efficiently and streamline the process. The collaboration aims to provide a comprehensive and reliable solution to ensure clients' compliance with the new regulation.
S&P Dow Jones Indices reported the February 2024 results for the S&P CoreLogic Case-Shiller Indices, showing a strong upward trend in U.S. home prices. With various metro markets reporting price increases, the National Home Price NSA Index saw a 6.4% annual gain. The 10-City Composite and 20-City Composite also showed significant year-over-year increases. San Diego led in gains, while markets like San Francisco experienced declines. Despite economic uncertainty, home prices are at all-time highs, driven by buyer behavior supported by lower mortgage rates.
S&P Global has successfully completed the acquisition of Visible Alpha, a financial technology provider, enhancing its fundamental investment research capabilities. The integration of Visible Alpha into S&P Capital IQ Pro aims to provide customers with high-quality investment research, estimates, and analytics. The acquisition is seen as a transformative leap for the platform, with Visible Alpha's offerings enriching S&P Global Market Intelligence's division.
DigitalOcean Holdings Inc. (NYSE: DOCN) will replace Agiliti Inc. (NYSE: AGTI) in the S&P SmallCap 600 effective May 7, 2024. Thomas H. Lee Partners L.P. is acquiring Agiliti. The change will be prior to the opening of trading on the effective date.
The Board of Directors of S&P Global (NYSE: SPGI) has declared a cash dividend of $0.91 per share for the second quarter of 2024. The dividend will be payable on June 12, 2024, to shareholders of record on May 29, 2024, with an annualized dividend rate of $3.64 per share. S&P Global has a history of paying dividends since 1937 and is among the few companies in the S&P 500® to increase dividends annually for over 50 years.
S&P Global Market Intelligence's quarterly report reveals that global M&A deal value rose 18.5% year-over-year in Q1 2024, despite the volume falling to its lowest level since Q2 2020. The total value of global M&A deals reached $594.47 billion, indicating ongoing market challenges due to increased interest rates impacting demand. The report highlights a decline in M&A transactions, alongside insights on IPO performance and equity issuance trends.
S&P Global Mobility projects new light vehicle sales volume in April 2024 to reach 1.34 million units, sustaining the spring selling momentum. Despite a drop from the previous month and year-ago levels, the sales pace of 16.0 million units indicates continued growth. Retail inventory is up 65% from last year, with increasing discounts for buyers. The outlook for North American vehicle production is positive, with a 3% increase in sales volume projected for 2024.
The 2024 Private Equity and Venture Capital Outlook by S&P Global Market Intelligence shows resilience and optimism in the industry despite shifting market dynamics. Private equity executives are more optimistic about deal activity in 2024, with increased interest in private credit asset allocations and AI playing a larger role in deal sourcing. The survey reveals that mid-tier and smaller PE firms are more optimistic, LPs are increasing asset allocation to private credit, and GPs are expanding the use of private credit in deal financing. While fundraising outlook has improved for PE firms, VC firms have concerns about LPs reducing their allocation to VC.
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