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.
The Board of Directors of S&P Global (NYSE: SPGI) has announced a cash dividend of $0.77 for the first quarter of 2022, payable on March 10, 2022, to shareholders recorded by February 10, 2022. This results in an annualized dividend rate of $3.08 per share. In connection with its merger with IHS Markit (NYSE: INFO), S&P Global will not increase its dividend until the merger concludes, expected in Q1 2022, after which the Board will review the dividend policy for the combined entity.
On January 20, 2022, S&P Global Platts released its Top Energy Transition Trends for 2022, forecasting a 2.5% rise in global CO2 emissions despite heightened climate efforts. Key highlights include record EV sales projected to exceed 9 million and strong renewable power prices boosting installation growth. However, challenges such as rising input costs and political uncertainties could hinder progress. The gap between hydrogen production ambitions and actual delivery will be scrutinized, with several technology milestones expected to shape the energy transition.
S&P Dow Jones Indices and Experian report that the S&P/Experian Consumer Credit Default Indices indicate an uptick in consumer credit defaults as of December 2021. The composite default rate rose three basis points to 0.40%, with notable increases in various loan types. The bank card default rate rose to 1.95%, auto loan defaults increased to 0.49%, and first mortgage defaults reached 0.28%. Miami saw the most significant rise among major metropolitan areas, increasing by 24 basis points to 0.97%.
S&P Dow Jones Indices reported a net increase in U.S. domestic common stock dividends of $18.0 billion in Q4 2021, down from $20.9 billion in Q3 2021 but significantly higher than $9.5 billion in Q4 2020. For 2021, the total net dividends rose to $69.8 billion, rebounding from a net decline in 2020. Q4 2021 marked a record dividend payment of $15.78 per share for S&P 500 companies. Overall, dividends paid reached $511.2 billion in 2021, a notable increase from $483.2 billion in 2020. Potential risks include discussions in Washington regarding changes to dividend tax treatments.
S&P Global (NYSE: SPGI) has acquired The Climate Service, Inc., enhancing its ESG insights and solutions portfolio. Founded in 2017, The Climate Service provides innovative climate risk analytics through its Climanomics® platform, which quantifies physical and transition climate risks. The acquisition follows S&P Global's milestone year with the launch of Sustainable1, aiming to deliver comprehensive data to clients. This move is expected to increase S&P's capabilities in providing climate-related financial disclosures and insights, aligning with the growing demand for evidence-based sustainability strategies.
iTeos Therapeutics (NASDAQ: ITOS) will replace Magellan Health (NASDAQ: MGLN) in the S&P SmallCap 600, effective January 5, 2022. This change coincides with Centene Corp. (NYSE: CNC) acquiring Magellan Health, pending final conditions. The adjustment is significant for iTeos as inclusion in a prominent index like the S&P SmallCap 600 can potentially improve market visibility and investor interest. This strategic move highlights the dynamic shifts within the healthcare sector as companies adapt to evolving market conditions.
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