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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.
B. Riley Financial (RILY) will join the S&P SmallCap 600 index effective April 15, 2021. This comes as The Michaels Companies (MIK) is set to be acquired by Apollo Global Management, leading to its removal from the index. The changes will take effect prior to the market opening on the specified date. This realignment reflects ongoing adjustments in the marketplace and could present new investment opportunities for shareholders of B. Riley Financial.
S&P Global (NYSE: SPGI) is set to hold its Annual Meeting of Shareholders on May 5, 2021, at 11:00 a.m. EDT. This will be a virtual-only meeting following New York regulations due to COVID-19. Shareholders received proxy materials with instructions to attend and vote. Richard Thornburgh, Chairman, and Douglas L. Peterson, CEO, will lead the meeting. Shareholders can access the meeting through a dedicated link, and materials will be available on the company's Investor Relations website.
S&P Global Market Intelligence announced a partnership with Dow Jones to enhance its platform with trusted real-time market news. This collaboration will provide S&P Global customers access to premium content from Dow Jones Newswires, *The Wall Street Journal*, *Barron's*, and *MarketWatch*. The integration aims to improve user experience and support clients in making informed decisions. Content will be available as part of subscription plans later this year, reflecting S&P's commitment to delivering superior services in a rapidly evolving market landscape.
S&P Dow Jones Indices has launched the inaugural SPIVA MENA Scorecard, tracking the performance of actively managed equity funds in the Middle East and North Africa. The bi-annual report reveals that 68% of MENA active equity funds underperformed the S&P Pan Arab Composite Index in 2020, rising to 93% over ten years. Additionally, 58% of GCC-focused funds underperformed the S&P GCC Composite over one year. The launch aims to provide valuable insights as investors navigate post-COVID market recovery.
S&P Global (NYSE: SPGI) will announce its first quarter 2021 results on April 29, 2021, at approximately 7:15 a.m. EDT. A conference call will follow at 8:30 a.m. EDT, hosted by President and CEO Douglas L. Peterson and CFO Ewout Steenbergen. Participants can join the call via telephone or webcast, with access details available on the Investor Relations website. The presentation will include forward-looking insights. S&P Global continues to enhance its offerings in credit ratings and market analytics.
S&P Dow Jones Indices reported a significant increase in U.S. dividend net changes, which rose by $18.0 billion in Q1 2021, compared to $9.5 billion in Q4 2020. This marks the highest quarterly increase since Q1 2012. Aggregate dividend payments for the S&P 500 reached $123.9 billion, while the per-share dividend rose to $14.68. The total dividend cuts decreased by 45.1% to $2.4 billion. Analysts anticipate record profits in the second half of the year, suggesting that more companies may begin to increase their dividends.
S&P Global Platts has launched new daily Time Charter Equivalent (TCE) assessments for four Aframax routes originating in Europe, effective April 1, 2021. These assessments aim to provide transparency on net daily revenues from crude vessels in the region. The routes include the Baltic-UK Continent, UK Continent-UK Continent, Ceyhan-Mediterranean, and Black Sea-Mediterranean. Platts will publish TCEs for scrubber-fitted and non-scrubber fitted vessels, reflecting different bunker fuel usage.
S&P Global Platts has launched the first daily hydrogen price assessments for the UK, effective April 1, 2021, in response to market demand for insights into hydrogen production costs. The assessments will cover three production methods: Autothermal Reforming with Carbon Capture, Proton Exchange Membrane Electrolysis, and Alkaline Electrolysis, expressed in GBP/kilogram and GBP/kilowatthour. The UK government recently allocated £171 million to support nine decarbonization projects. With a projected £6.54 billion investment in 26 low carbon hydrogen projects, the UK aims to boost its hydrogen economy as part of its 2050 Net Zero plan.
S&P Global Ratings has assigned a score of E1/80 to Nelnet Inc.'s $9.9 million solar tax equity fund, the highest possible rating on their scale. The fund targets four photovoltaic solar projects in Upstate New York. Kimberly Garen, the report's author, noted that while these projects contribute to decarbonization, New York's low carbon-intensity grid limits their global ranking. The governance and transparency of the fund are strong, with annual third-party audits for environmental and financial impacts. This evaluation is distinct from credit ratings and focuses on environmental credentials.
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