Massachusetts Financial Services Co. MA Trims Holdings in S&P Global Inc. $SPGI

Massachusetts Financial Services Co. MA trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 4.0% in the 2nd quarter, Holdings Channel reports. The firm owned 229,364 shares of the business services provider’s stock after selling 9,528 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in S&P Global were worth $92,977,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Joseph Group Capital Management purchased a new position in S&P Global in the 4th quarter worth about $29,000. North Star Investment Management Corp. lifted its holdings in S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after buying an additional 35 shares in the last quarter. Palladiem LLC purchased a new stake in S&P Global in the 4th quarter valued at about $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global in the 3rd quarter valued at about $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global in the 4th quarter worth about $39,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 1.1%

Shares of S&P Global stock opened at $418.15 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $123.27 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 1.90 and a beta of 1.07. The firm’s 50-day moving average is $422.53 and its two-hundred day moving average is $429.14. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $565.28.

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 quarter in the previous year, the business posted $4.43 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid 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 payout ratio is 23.69%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research reports. Daiwa Securities Group reduced their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Barclays lowered their price target on S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. UBS Group reduced their price objective on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada decreased their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

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.