Findlay Park Partners LLP Sells 10,400 Shares of S&P Global Inc. $SPGI

Findlay Park Partners LLP trimmed its position in S&P Global Inc. (NYSE:SPGI) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 574,120 shares of the business services provider’s stock after selling 10,400 shares during the quarter. S&P Global makes up 2.9% of Findlay Park Partners LLP’s holdings, making the stock its 9th largest position. Findlay Park Partners LLP owned about 0.19% of S&P Global worth $279,430,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in S&P Global in the second quarter valued at approximately $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of S&P Global by 3,430.6% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after acquiring an additional 1,510,540 shares during the last quarter. TCI Fund Management Ltd. increased its holdings in shares of S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares during the last quarter. Mizuho Markets Americas LLC raised its stake in S&P Global by 104,031.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after acquiring an additional 595,059 shares during the period. Finally, ABN AMRO Bank N.V. acquired a new stake in S&P Global during the 2nd quarter valued at $310,348,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Mizuho lowered their price target on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. UBS Group reduced their price objective on S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Morgan Stanley upped their target price on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $562.67.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $441.48 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The company’s 50 day moving average price is $491.39 and its two-hundred day moving average price is $502.26. The firm has a market cap of $131.91 billion, a PE ratio of 30.13, a PEG ratio of 1.94 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.02). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the firm posted $3.77 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s payout ratio is presently 26.48%.

About S&P Global

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.