Formuepleje A S Reduces Stock Position in S&P Global Inc. $SPGI

Formuepleje A S decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,448 shares of the business services provider’s stock after selling 7,076 shares during the quarter. S&P Global makes up 4.2% of Formuepleje A S’s holdings, making the stock its 10th biggest position. Formuepleje A S’s holdings in S&P Global were worth $53,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dorsey Asset Management LLC bought a new position in S&P Global during the 1st quarter worth $94,716,000. Troy Asset Management Ltd boosted its position in shares of S&P Global by 26.2% in the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after acquiring an additional 8,652 shares during the period. Capital International Inc. CA boosted its position in shares of S&P Global by 11.6% in the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after acquiring an additional 7,343 shares during the period. ABN Amro Investment Solutions grew its stake 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 acquiring an additional 8,997 shares in the last quarter. Finally, Rit Capital Partners PLC acquired a new position in shares of S&P Global in the fourth quarter valued at about $44,160,000. 87.17% of the stock is owned by institutional investors.

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S&P Global Price Performance

SPGI stock opened at $443.30 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $552.25. The firm has a market cap of $130.68 billion, a P/E ratio of 27.06, a P/E/G ratio of 2.14 and a beta of 1.07. The company’s 50-day moving average price is $428.30 and its two-hundred day moving average price is $425.50.

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

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 currently 23.69%.

Wall Street Analyst Weigh In

Several analysts have weighed in on SPGI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Bank of America decreased their target price 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. The Goldman Sachs Group lowered their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Robert W. Baird set a $513.00 price target on shares of S&P Global in a research report on Wednesday. Finally, Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday. 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

Check Out Our Latest Stock Analysis on S&P Global

S&P Global Company Profile

(Free Report)

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.

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