Legal & General Group Plc Sells 163,242 Shares of S&P Global Inc. $SPGI

Legal & General Group Plc cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,977,357 shares of the business services provider’s stock after selling 163,242 shares during the quarter. Legal & General Group Plc owned about 0.67% of S&P Global worth $805,298,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Rehmann Capital Advisory Group increased its position in S&P Global by 1.2% during the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock worth $937,000 after acquiring an additional 22 shares during the period. Washington Trust Bank lifted its position in shares of S&P Global by 1.2% in the 4th quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock worth $987,000 after acquiring an additional 23 shares during the period. Hibernia Wealth Partners LLC lifted its position in S&P Global by 3.3% in the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after purchasing an additional 24 shares during the period. Conestoga Capital Advisors LLC lifted its position in S&P Global by 1.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock worth $795,000 after purchasing an additional 25 shares during the period. Finally, Chapin Davis Inc. boosted its stake in S&P Global by 1.9% during the fourth quarter. Chapin Davis Inc. now owns 1,389 shares of the business services provider’s stock worth $726,000 after buying an additional 26 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on SPGI shares. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. UBS Group lowered their target price on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Jefferies Financial Group increased their price target on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Citigroup raised their price target on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Eighteen investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Trading Up 0.9%

SPGI opened at $435.38 on Tuesday. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $557.06. The stock has a market capitalization of $128.35 billion, a PE ratio of 26.58, a PEG ratio of 1.94 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $423.08 and a two-hundred day moving average price of $424.51.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the business earned $4.43 earnings per share. S&P Global’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. As a group, equities analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

S&P Global 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.