S&P Global Inc. $SPGI Stock Position Decreased by GCQ FUNDS MANAGEMENT PTY Ltd

GCQ FUNDS MANAGEMENT PTY Ltd lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 22.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,555 shares of the business services provider’s stock after selling 33,719 shares during the period. S&P Global makes up about 6.6% of GCQ FUNDS MANAGEMENT PTY Ltd’s investment portfolio, making the stock its 9th largest holding. GCQ FUNDS MANAGEMENT PTY Ltd’s holdings in S&P Global were worth $47,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of S&P Global in the fourth quarter worth $2,398,991,000. EdgePoint Investment Group Inc. bought a new position in shares of S&P Global during the first quarter valued at $702,911,000. Cardano Risk Management B.V. raised its position in shares of S&P Global by 858.3% in the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after purchasing an additional 1,576,544 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of S&P Global by 2,256.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock worth $755,996,000 after purchasing an additional 1,385,249 shares during the last quarter. Finally, Soroban Capital Partners LP boosted its stake in S&P Global by 260.3% in the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after purchasing an additional 1,219,990 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE SPGI opened at $431.10 on Friday. S&P Global Inc. has a one year low of $381.61 and a one year high of $559.44. The stock has a 50-day moving average of $422.87 and a 200 day moving average of $425.46. 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 company has a market capitalization of $127.09 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.94 and a beta of 1.07.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.81 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given 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 yield of 0.9%. S&P Global’s dividend payout ratio is 23.69%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Citigroup increased their price objective on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Daiwa Securities Group decreased their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. UBS Group dropped 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 raised their price target on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $523.59.

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.