S&P Global Stock Price, News & Analysis

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.

S&P Global (SPGI) and IHS Markit (INFO) announced the sale of IHS Markit’s Base Chemicals business to News Corp for $295 million and S&P Global’s CUSIP Global Services (CGS) business to FactSet Research Systems for $1.925 billion. These transactions are part of the ongoing merger process between the two companies, anticipated to yield net proceeds of approximately $1.3 billion. Both divestitures are subject to customary conditions, including regulatory approvals.

S&P Global (SPGI) and IHS Markit (INFO) have signed agreements to divest IHS Markit's Base Chemicals business to News Corp for $295 million and S&P Global's CUSIP Global Services (CGS) to FactSet Research Systems for $1.925 billion. These divestitures are part of the regulatory conditions required to complete their merger. The companies expect to receive aggregate net proceeds of approximately $1.3 billion. Additional divestitures, including the Leveraged Commentary and Data business, are planned to meet regulatory approval, with the merger anticipated to close in Q1 2022.

The S&P/Experian Consumer Credit Default Indices for November 2021 show a slight decline in the composite default rate to 0.37%, down from 0.38% in October. The bank card default rate decreased to 1.94%, a drop of seven basis points, while auto loans rose to 0.44%. Notably, New York reported the largest decline in defaults among major metropolitan areas, falling to 0.30%. Dallas also experienced a reduction, while Los Angeles saw a rise in defaults. The indices provide insight into the consumer credit landscape across various loan categories.