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. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
S&P Dow Jones Indices reported an increase of $9.7 billion in indicated dividends for U.S. domestic common stocks during Q1 2023, down from $14.6 billion in Q4 2022 and $18.2 billion in Q1 2022. Total common dividend payments reached a record of $146.8 billion for Q1 2023, marking a 0.9% increase over the previous quarter. However, concerns over decreased consumer spending and economic slowdown may impact future dividend growth. For the 12 months ending March 2023, net indicated dividends totaled $59.7 billion, down from $70.1 billion in the previous year.
S&P Global Market Intelligence has officially launched the Equity InvestorAccess platform on April 4, 2023, designed to enhance the efficiency of new issuance workflows for buyside and sellside participants. This innovative platform integrates with the existing Equity Bookbuild application, facilitating order placement and allocation management within a secure, centralized repository. Key features include real-time dashboards for deal intelligence, a single point of entry for order submissions, and comprehensive analytics tracking cross-bank activities. This launch aims to automate an otherwise manual process and improve the overall operational risk management in equity capital markets.
According to the Paychex | IHS Markit Small Business Employment Watch report, small business employment growth showed a modest increase of 0.06% in March 2023, raising the Small Business Jobs Index to 99.73. Average hourly earnings also rose slightly to 4.64%. The South remains the strongest region with an index of 100.68, despite a recent decline of -0.14%. While small business growth is resilient, potential risks persist due to recent banking disruptions affecting capital access. The report draws from payroll data of approximately 350,000 small business clients across the U.S.
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S&P Global Mobility reports that March 2023 US auto sales are projected to reach 1.27 million units, marking an increase of over 11% from the previous month. However, the annualized sales pace is estimated at 13.8 million units, down from 15.9 million units in January. The first quarter average sales rate is 14.9 million units, the strongest since Q2 2021 but still below pre-pandemic levels. Analysts highlight rising vehicle prices and sustained demand despite economic uncertainties. S&P Global Mobility anticipates total 2023 vehicle sales of 14.9 million units, an 8% increase from 2022, aided by improved production and fleet demand.
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S&P Dow Jones Indices reported Q4 2022 stock buybacks at $211.2 billion, a slight increase from $210.8 billion in Q3 2022 but down 21.8% from Q4 2021's $270.1 billion. Overall, 2022 set an annual record at $922.7 billion, up from $881.7 billion in 2021. Dividends also grew by 4.1% in Q4 2022 to a record $146.1 billion, contributing to a total shareholder return of $357.3 billion for the quarter. However, a 1% excise tax on buybacks starting in 2023 may impact future earnings, potentially reducing Q4 2022 operating earnings by 0.46%.
On March 15, 2023, CARFAX unveiled its fourth annual list of the nation's top-rated auto service centers, derived from verified customer reviews via CARFAX Car Care. The honored centers attained an impressive average rating of 4.8 out of 5 stars. Over 30 million drivers utilize CARFAX Car Care for vehicle maintenance reminders and recall alerts. Award-winning centers will receive digital assets to promote their ratings online and custom materials for in-store display. CARFAX, a part of S&P Global Mobility, is recognized for its extensive vehicle history services and maintains the largest vehicle history database in the world.