Handelsbanken Fonder AB Trims Stock Position in S&P Global Inc. $SPGI

Handelsbanken Fonder AB lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,035 shares of the business services provider’s stock after selling 21,903 shares during the quarter. Handelsbanken Fonder AB owned about 0.06% of S&P Global worth $67,619,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SPGI. Joseph Group Capital Management acquired a new position in shares of S&P Global during the 4th quarter worth $29,000. North Star Investment Management Corp. increased its position in shares of S&P Global by 134.6% in the fourth 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. Palisade Asset Management LLC purchased a new position in S&P Global during the 3rd quarter valued at about $36,000. Palladiem LLC purchased a new position in shares of S&P Global during the 4th quarter worth approximately $36,000. Finally, Swiss RE Ltd. acquired a new stake in S&P Global during the 4th quarter valued at $39,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Robert W. Baird decreased their price target on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. The Goldman Sachs Group dropped their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Zacks Research downgraded S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Finally, Mizuho upped their price target on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Trading Up 0.5%

S&P Global stock opened at $410.22 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50-day moving average is $422.83 and its 200-day moving average is $431.77. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The company has a market cap of $120.93 billion, a P/E ratio of 25.04, a PEG ratio of 1.84 and a beta of 1.07.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted $4.43 earnings per share. S&P Global’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. On average, equities analysts expect that S&P Global Inc. will post 17.74 earnings per share for the current year.

S&P Global Dividend Announcement

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

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.