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

Legal & General Group Plc trimmed 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 and Exchange Commission (SEC). The fund owned 1,977,357 shares of the business services provider’s stock after selling 163,242 shares during the period. Legal & General Group Plc’s holdings in S&P Global were worth $805,298,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Joseph Group Capital Management acquired a new stake in S&P Global during the 4th quarter worth $29,000. North Star Investment Management Corp. raised its position in shares of 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 acquiring an additional 35 shares during the last quarter. Palladiem LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $36,000. Palisade Asset Management LLC acquired a new position in shares of S&P Global in the 3rd quarter valued at $36,000. Finally, Swiss RE Ltd. acquired a new position in shares of S&P Global in the 4th quarter valued at $39,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of S&P Global stock opened at $435.38 on Tuesday. The firm has a market cap of $128.35 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07. The stock’s 50-day moving average is $423.08 and its 200-day moving average is $424.51. S&P Global Inc. has a one year low of $381.61 and a one year high of $557.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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 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 last year, the company 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. Equities analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Rothschild & Co Redburn decreased their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. BMO Capital Markets raised their target price on S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Wall Street Zen upgraded S&P Global to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Finally, The Goldman Sachs Group lowered their price target on S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

About S&P Global

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.