S&P Global Inc. $SPGI Shares Sold by Groupe la Francaise

Groupe la Francaise decreased its stake in S&P Global Inc. (NYSE:SPGI) by 30.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,560 shares of the business services provider’s stock after selling 4,996 shares during the period. Groupe la Francaise’s holdings in S&P Global were worth $4,708,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. California State Teachers Retirement System lifted its position in S&P Global by 39,515.8% during the 2nd quarter. California State Teachers Retirement System now owns 187,868,631 shares of the business services provider’s stock worth $76,511,379,000 after acquiring an additional 187,394,404 shares in the last quarter. Norges Bank acquired a new stake in S&P Global in the fourth quarter valued at approximately $2,398,991,000. Bank of America Corp DE purchased a new stake in shares of S&P Global during the second quarter valued at approximately $865,892,000. EdgePoint Investment Group Inc. purchased a new stake in shares of S&P Global during the first quarter valued at approximately $702,911,000. Finally, Cardano Risk Management B.V. lifted its position in shares of S&P Global by 858.3% during the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after purchasing an additional 1,576,544 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SPGI. The Goldman Sachs Group decreased their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Rothschild & Co Redburn cut their price objective on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a research report on Saturday. Stifel Nicolaus raised their target price on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Morgan Stanley cut their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Stock Down 0.0%

Shares of NYSE:SPGI opened at $443.30 on Tuesday. The company’s fifty day moving average is $428.99 and its two-hundred day moving average is $425.73. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25. The stock has a market capitalization of $130.68 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 2.14 and a beta of 1.07.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the business posted $4.43 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 23.69%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.