S&P Global Inc. $SPGI Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.9% during the 2nd quarter, Holdings Channel reports. The fund owned 140,627 shares of the business services provider’s stock after selling 10,494 shares during the period. Vontobel Holding Ltd.’s holdings in S&P Global were worth $57,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Dorsey Asset Management LLC bought a new position in S&P Global during the 1st quarter valued at $94,716,000. Troy Asset Management Ltd increased its position in shares of S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after purchasing an additional 8,652 shares during the period. Capital International Inc. CA raised its stake in shares of S&P Global by 11.6% in the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock worth $36,955,000 after buying an additional 7,343 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of S&P Global by 6.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider’s stock worth $107,480,000 after buying an additional 11,843 shares in the last quarter. Finally, ABN Amro Investment Solutions lifted its holdings in shares of S&P Global by 6.3% in the fourth quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock valued at $79,060,000 after buying an additional 8,997 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $418.15 on Friday. S&P Global Inc. has a one year low of $381.61 and a one year high of $565.28. The stock has a fifty day moving average of $422.53 and a 200-day moving average of $429.14. The company has a market capitalization of $123.27 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.90 and a beta of 1.07. 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 (NYSE:SPGI) last announced its 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 return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the business posted $4.43 earnings per share. S&P Global’s 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, equities analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Mizuho raised their target price on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Bank of America dropped their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Robert W. Baird reduced their price objective on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Finally, Zacks Research cut shares of S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Eighteen 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.