Groupama Asset Managment Reduces Stake in S&P Global Inc. $SPGI

Groupama Asset Managment lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 21.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,834 shares of the business services provider’s stock after selling 3,780 shares during the period. Groupama Asset Managment’s holdings in S&P Global were worth $6,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. J.Safra Asset Management Corp acquired a new stake in shares of S&P Global in the third quarter worth $29,000. Howard Hughes Medical Institute purchased a new position in shares of S&P Global during the second quarter worth $36,000. First Pacific Financial lifted its position in S&P Global by 51.0% during the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares during the period. Palisade Asset Management LLC acquired a new position in S&P Global during the third quarter valued at $36,000. Finally, Ameriflex Group Inc. boosted its holdings in S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 48 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SPGI. The Goldman Sachs Group set a $498.00 price target on S&P Global in a research report on Wednesday, February 11th. BMO Capital Markets upped their target price on S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday. UBS Group dropped their target price on S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Evercore set a $625.00 price target on S&P Global and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Finally, Mizuho decreased their price target on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $563.53.

S&P Global Stock Down 1.5%

SPGI opened at $426.27 on Thursday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The company has a fifty day moving average of $467.84 and a two-hundred day moving average of $491.18. The stock has a market capitalization of $127.37 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.92 and a beta of 1.23.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the company posted $3.77 EPS. The company’s 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. On average, research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

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

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.