Farringdon Capital Ltd. Purchases Shares of 9,257 S&P Global Inc. $SPGI

Farringdon Capital Ltd. bought a new stake in S&P Global Inc. (NYSE:SPGI – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 9,257 shares of the business services provider’s stock, valued at approximately $3,770,000. S&P Global makes up about 1.9% of Farringdon Capital Ltd.’s portfolio, making the stock its 14th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPGI. Joseph Group Capital Management bought a new position in S&P Global during the fourth quarter valued at about $29,000. North Star Investment Management Corp. lifted its holdings in shares of S&P Global by 134.6% during the fourth 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 period. Palladiem LLC bought a new position in S&P Global during the 4th quarter valued at about $36,000. Palisade Asset Management LLC bought a new position in shares of S&P Global in the third quarter valued at approximately $36,000. Finally, Swiss RE Ltd. bought a new stake in S&P Global during the 4th quarter worth approximately $39,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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S&P Global Stock Performance

SPGI stock opened at $431.10 on Friday. The company has a 50 day moving average price of $422.87 and a 200 day moving average price of $425.46. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $559.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $127.09 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07.

S&P Global (NYSE:SPGI – Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts forecast that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend 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 is 23.69%.

Analysts Set New Price Targets

Several equities analysts have issued reports on SPGI shares. JPMorgan Chase & Co. cut their price objective on S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Bank of America decreased their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Daiwa Securities Group lowered their target price on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group lifted their price target on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, Barclays reduced their price target on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $523.59.

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S&P Global 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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