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 declared a quarterly cash dividend of $0.77 per share, payable on June 10, 2021, to shareholders recorded by May 26, 2021. This dividend amounts to an annualized rate of $3.08 per share. S&P Global has a significant history, having paid dividends consistently since 1937 and increasing them annually for over 48 years, placing it among the top companies in the S&P 500.
S&P Dow Jones Indices has launched a new series of S&P Digital Market Indices to measure the performance of digital assets on recognized cryptocurrency exchanges. This includes the S&P Bitcoin Index, S&P Ethereum Index, and the S&P Cryptocurrency MegaCap Index. The indices will utilize pricing data from Lukka and are managed by S&P DJI's Index Committee. As the cryptocurrency market expands, these indices aim to provide reliable benchmarks for investors, enhancing transparency in this asset class.
On May 2, 2021, New Zealand's Exchange (NZX) launched its first carbon-efficient indices in collaboration with S&P Dow Jones Indices. The S&P/NZX 50 Carbon Efficient Index and S&P/NZX 50 Portfolio Carbon Efficient Index aim to promote transparency in emissions reporting among NZ companies. These indices are approximately 25% and 19% lighter in carbon emissions compared to their parent indices. The initiative responds to rising investor demand for sustainable investment options and aligns with global practices to combat climate change.
S&P Global Ratings has confirmed that Dana Inc.'s Green Financing Framework is fully aligned with the Green Bond Principles (GBP) and Green Loan Principles (GLP). The framework commits to using financing proceeds for projects in clean transportation, renewable energy, sustainable water management, and green buildings. Dana's Green Financing Committee will oversee project selection and allocation of proceeds. The company plans to report annually on the allocation and environmental impact of these projects, underpinning its commitment to sustainability.
S&P Global (NYSE: SPGI) reported Q1 2021 results with revenue at $2,016 million, a 13% increase year-over-year. Net income rose 18% to $755 million, while diluted EPS climbed 19% to $3.12. Adjusted net income was $820 million, and adjusted diluted EPS was $3.39. Major revenue growth was noted across all segments, particularly in Ratings with a 23% increase. The operating profit margin improved to 53.6%. The company returned $186 million to shareholders in dividends. Adjusted diluted EPS guidance for 2021 has been increased to $12.55-$12.75.
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