LRZ Capital LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,383 shares of the business services provider’s stock after selling 5,197 shares during the quarter. S&P Global accounts for approximately 8.1% of LRZ Capital LLC’s holdings, making the stock its 3rd largest holding. LRZ Capital LLC’s holdings in S&P Global were worth $16,039,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Norges Bank bought a new stake in shares of S&P Global in the fourth quarter worth about $2,398,991,000. EdgePoint Investment Group Inc. bought a new position in shares of S&P Global during the 1st quarter valued at about $702,911,000. Cardano Risk Management B.V. lifted its holdings in shares of S&P Global by 858.3% during the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock valued at $919,879,000 after purchasing an additional 1,576,544 shares in the last quarter. T. Rowe Price Investment Management Inc. grew 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 valued at $755,996,000 after purchasing an additional 1,385,249 shares during the period. Finally, Soroban Capital Partners LP grew its position in shares of 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 valued at $718,247,000 after purchasing an additional 1,219,990 shares during the period. 87.17% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have commented on SPGI shares. 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 on the stock in a report on Wednesday, July 1st. Royal Bank Of Canada reduced their price target on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. UBS Group lowered their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Daiwa Securities Group dropped their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, Zacks Research cut shares of S&P Global from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $523.59.
S&P Global Stock Down 1.1%
Shares of S&P Global stock opened at $418.15 on Friday. The business’s 50 day simple moving average is $422.53 and its 200 day simple moving average is $429.14. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $565.28. The firm has a market cap of $123.27 billion, a PE ratio of 25.53, a P/E/G ratio of 1.90 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.
S&P Global (NYSE:SPGI – Get Free Report) last released 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. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm posted $4.43 EPS. The business’s 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. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given 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 payout ratio is currently 23.69%.
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.
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