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 finance and insurance sector company that describes its mission as providing essential intelligence through credit ratings, benchmarks, analytics and workflow solutions. The SPGI news stream highlights how the company’s data and insights intersect with capital markets, commodities, energy transition, artificial intelligence and the automotive sector.
News about S&P Global often covers corporate actions and capital allocation, such as Board-approved dividend increases and the company’s long history of annual dividend payments. Updates can also include announcements about planned or completed transactions, such as the sale of specific businesses or the expected separation of the S&P Global Mobility division into an independent public company.
Another key theme in SPGI news is research and market studies. For example, S&P Global has released a detailed study on copper in the age of AI, examining how electrification, digitalization, data centers and defense spending could affect copper supply and demand through 2040. These reports draw on proprietary data and cross-divisional expertise from areas such as S&P Global Energy and Market Intelligence.
News items also highlight regulatory and governance developments, including settlements involving S&P Global Ratings and the appointment of new directors to the company’s Board. In addition, readers will find coverage of philanthropic and workforce initiatives like the StepForward program, which focuses on AI-enabled workforce readiness for youth, and updates from CARFAX, part of S&P Global Mobility, on topics such as odometer fraud trends.
Investors, analysts and other stakeholders can use the SPGI news page to follow how S&P Global’s ratings, indices, research, financing activities and governance decisions evolve over time and how the company positions itself around themes such as AI, energy transition and global capital markets.
S&P Global Market Intelligence has expanded its lending solutions suite to drive innovation across global lending markets. The enhanced solutions aim to enable operational scale, integrate best-in-class point solutions, digitize loan lifecycle management, increase efficiency, decrease risks, and enable faster loan settlement times. The comprehensive portfolio now supports the full lifecycle of broadly syndicated loans and direct lending instruments.
Key enhancements include:
- WSO and iLEVEL integration for private credit
- ClearPar Premium Reporting within Loan Platforms
- End-to-end connectivity across Onboarding, KYC, Tax Validation, and Loan Settlement
- CLO Solutions for new CLO managers
- Loan Credit Risk Analysis tools
- Loan pricing and analytics available via S&P Capital IQ Pro
The solutions currently support over 32,000 active loans, track $460 billion in private debt instruments, and service more than $1 trillion in loans.
S&P Dow Jones Indices reports that U.S. common indicated dividend payments increased by $9.5 billion in Q3 2024, although dividend growth has slowed. Key findings include:
- Q3 2024 dividend increases were $14.1 billion, down 31.1% from Q2 2024 and 21.9% from Q3 2023.
- Q3 2024 dividend decreases were $4.6 billion, up 3.9% from Q2 2024 but down 50.5% from Q3 2023.
- For the 12 months ending September 2024, the net indicated dividend increase was $55.3 billion, compared to $37.5 billion for the prior year.
- S&P 500 Q3 2024 dividend payments set a record at $18.68 per share, up 8.3% year-over-year.
Despite economic uncertainty, dividend growth is expected to continue selectively, with S&P 500 large caps projected to increase dividend payments by 6% in 2024.
S&P Dow Jones Indices announced index changes effective prior to the open on Oct 11, 2024. DocuSign (DOCU) will be added to the S&P MidCap 400, MDU Resources (MDU) will move from the MidCap 400 to the S&P SmallCap 600, and Chuy's Holdings (CHUY) will be deleted from the SmallCap 600.
The release notes Darden Restaurants (DRI) is acquiring Chuy's, pending final closing conditions, and MDU Resources announced an intended spin-off later this month.
S&P 500 Q2 2024 buybacks decreased 0.4% from Q1 2024 to $235.9 billion, but increased 34.9% from Q2 2023. The 12-month expenditure ending June 2024 rose 8.0% to $877.5 billion. Information Technology led buybacks, increasing spending by 19.3%, while Health Care and Communication Services reduced spending. The 1% buyback tax reduced Q2 2024 operating earnings by 0.45% and GAAP earnings by 0.49%. Apple dominated with a record $28.8 billion in Q2 buybacks. Despite increased spending, higher stock prices resulted in fewer shares repurchased, reducing the impact on EPS. Companies with strong cash flows are expected to continue buybacks, with potential increases due to recent interest rate cuts.
Hims & Hers Health (NYSE:HIMS) is set to join the S&P SmallCap 600 index, replacing Vector Group (NYSE:VGR), effective prior to the opening of trading on Wednesday, October 9, 2024. This change is due to JT Group's pending acquisition of Vector Group. The addition of Hims & Hers Health to the index represents a shift in the Health Care sector, while Vector Group's deletion removes a Consumer Staples component.
The S&P SmallCap 600 is part of the S&P Dow Jones Indices, which is the largest global resource for essential index-based concepts, data, and research. S&P Dow Jones Indices, a division of S&P Global (NYSE: SPGI), is known for iconic financial market indicators such as the S&P 500® and the Dow Jones Industrial Average®.
Hims & Hers Health (NYSE:HIMS) will be added to the S&P SmallCap 600, replacing Vector Group (NYSE:VGR), effective before the open on October 9, 2024. The change follows an announced acquisition of Vector Group by JT Group expected to close pending final conditions.
The table of effective index changes lists HIMS as an addition to Health Care and VGR as a deletion from Consumer Staples.
automotiveMastermind, a leading automotive data and technology provider, has unveiled enhancements to its Behavior Prediction Score (BPS) solution and redesigned the Customer Deal Sheet interface. The updates include new machine learning and predictive data algorithms that offer deeper consumer insights. The enhanced BPS introduces three new scores: in-market status, vehicle details, and deal score. These improvements help dealers identify priority customers, preferred vehicles, and potential transaction types.
The redesigned Customer Deal Sheet organizes these new scores with talk tracks in an optimized workflow for sales communication. This update aims to empower sales teams to create timely and effective outreach to prospects most likely to be in the market. The expanded BPS intelligence solution and Customer Deal Sheet are available at no additional cost to all Mastermind customers.
Perficient (NASD:PRFT) will be removed from the S&P SmallCap 600 and Crescent Energy (NYSE:CRGY) will be added effective prior to the open on October 4, 2024. The change reflects an index reconstitution: Crescent Energy is added to the SmallCap 600 and Perficient is deleted.
EQT Group is reported to be acquiring Perficient, with the transaction expected to close pending final conditions.
Summary not available.
S&P Dow Jones Indices will reshuffle small‑ and mid‑cap indexes effective prior to trading on October 1 and October 2, 2024. The Ensign Group (ENSG) moves into the S&P MidCap 400; Curbline Properties (CURB) and TransMedics (TMDX) join the S&P SmallCap 600.
Chesapeake Energy (CHK) is acquiring Southwestern Energy (SWN) in a deal expected to complete October 1, prompting SWN's removal and Cross Country Healthcare (CCRN) to be deleted October 2.