S&P Global Stock Price, News & Analysis

automotiveMastermind, a part of S&P Global Mobility, announces a new integration with Elead CRM, enhancing dealer partner efficiency. This integration allows Mastermind users to sync notes directly to Elead, streamlining customer communication and automating processes. Dealers can manage customer interactions more effectively, with notes automatically sent to the relevant deals in Elead. Chief Product Officer Aaron Baldwin emphasized the importance of CRM integrations for generating business outcomes. This marks automotiveMastermind's third key CRM integration, reinforcing its commitment to providing strategic technological solutions for dealerships.

TPM23 by S&P Global Market Intelligence will take place in Long Beach, CA, from February 26 to March 1, 2023. The event, organized by The Journal of Commerce, aims to address the evolving landscape of container supply chains post-pandemic. The conference theme, 'Picking up the Pieces,' will discuss significant changes in shipping dynamics, such as shifts in risk perception among stakeholders. Key speakers include industry leaders from companies like Maersk and MSC. The agenda covers topics like the economic outlook for container shipping, carbon-neutral strategies, and terminal efficiency improvements. For more details, visit events.joc.com/tpm.

The GEP Global Supply Chain Volatility Index, reported on February 14, 2023, fell to 0.97 in January, marking the lowest volatility since September 2020. Item shortages are decreasing, and transportation costs are normalizing as companies unwind their safety stocks.

Despite these improvements, global demand for raw materials and components remains significantly depressed, particularly in North America, raising persistent recession concerns. The report highlights a continued decline in procurement activity while Asian markets show signs of recovery post-COVID-19 restrictions.

S&P Global (NYSE: SPGI) reported strong fourth-quarter and full-year 2022 results, highlighting a 41% revenue increase in Q4 to $2.94 billion, though GAAP net income fell 36% to $433 million. For the year, total revenue was $11.18 billion, a 35% increase, while GAAP net income rose 7% to $3.25 billion. The company met merger-related synergy targets ahead of schedule, divested Engineering Solutions, and initiated a $12 billion share repurchase. However, challenges in Ratings revenue persisted, with a 29% decline in Q4 revenue to $705 million. A new financial target model was introduced during the 2022 Investor Day, paving the way for future growth.

S&P Global (NYSE: SPGI) and Amazon Web Services (AWS, NASDAQ: AMZN) have entered a multi-year strategic collaboration to enhance cloud infrastructure and accelerate growth. The partnership aims to extend advanced, secure cloud services to over 100,000 customers across 43 countries. By 2025, S&P Global plans to migrate its Capital IQ and core data platforms to AWS, enhancing data availability and efficiency. This collaboration will leverage AWS's technology to develop new capabilities in analytics and insights, addressing challenges in various sectors, including climate and sustainability.

S&P Global and Amazon Web Services (AWS) have announced a new multi-year strategic collaboration to enhance cloud infrastructure and accelerate business growth. Under this agreement, AWS will be S&P Global's preferred cloud provider, facilitating improved service delivery for over 100,000 customers across 43 countries. S&P Global plans to migrate its Capital IQ and core data platforms to AWS by 2025. This collaboration aims to leverage advanced analytics, artificial intelligence, and machine learning to deliver insights and risk assessments, improving operational efficiency and enabling customers to innovate and navigate market uncertainties.

Novata has appointed Mona Sutphen, Partner and Head of Investment Strategies at The Vistria Group, to its Board of Directors, effective immediately. Sutphen brings over two decades of experience from both public and private sectors, having served as a Partner at Macro Advisory Partners and Managing Director at UBS AG. Her governmental experience includes being the White House Deputy Chief of Staff for Policy under President Obama. Novata, supported by major stakeholders including S&P Global (NYSE: SPGI) and Hamilton Lane (NASDAQ: HLNE), is a leader in ESG data management solutions for private markets, emphasizing sustainability and inclusivity.

The US automotive market is poised for a reset as inventories recover and demand softens due to economic headwinds. A recent report from S&P Global Mobility indicates a 91% rise in new-vehicle dealer stock since December 2022, leading to potential discounts for consumers. Key automakers, including GM, Ford, and Stellantis, may face competitive pressures to reduce prices, particularly on full-size trucks, to retain market share. Despite rising inventories, economist forecasts predict cautious consumer spending and reduced demand, prompting car manufacturers to strategize around pricing and inventory management in 2023.

On February 1, 2023, S&P Global (NYSE: SPGI) clarified its previously announced quarterly dividend of $0.90 per share, correcting an earlier report that indicated a 6.4% increase. The actual increase is 5.9%, with the dividend now remaining from $0.85 to $0.90 per share. This dividend is payable on March 10, 2023, to shareholders of record on February 24, 2023. The annualized dividend rate also remains at $3.60 per share.