S&P Global Inc. $SPGI is Carmignac Gestion’s 8th Largest Position

Carmignac Gestion decreased its position in S&P Global Inc. (NYSE:SPGI) by 3.8% during the second quarter, Holdings Channel reports. The fund owned 919,140 shares of the business services provider’s stock after selling 35,881 shares during the period. S&P Global comprises approximately 4.8% of Carmignac Gestion’s investment portfolio, making the stock its 8th biggest position. Carmignac Gestion’s holdings in S&P Global were worth $374,340,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SPGI. Dorsey Asset Management LLC purchased a new stake in S&P Global during the first quarter valued at approximately $94,716,000. Troy Asset Management Ltd raised its holdings in S&P Global by 26.2% in the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock worth $21,795,000 after purchasing an additional 8,652 shares during the period. Capital International Inc. CA lifted its position in S&P Global by 11.6% during 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 purchasing an additional 7,343 shares in the last quarter. ABN Amro Investment Solutions lifted its position in S&P Global by 6.3% during 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 purchasing an additional 8,997 shares in the last quarter. Finally, Rit Capital Partners PLC bought a new stake in S&P Global during the fourth quarter valued at about $44,160,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on SPGI. Royal Bank Of Canada restated an “outperform” rating and set a $510.00 target price on shares of S&P Global in a research note on Wednesday, August 26th. Stifel Nicolaus lifted their target price on shares of S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Robert W. Baird set a $513.00 price target on S&P Global in a research note on Wednesday, September 2nd. The Goldman Sachs Group decreased their price target on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Finally, UBS Group dropped their price objective on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Price Performance

SPGI traded down $14.14 during trading on Tuesday, hitting $429.37. 1,745,541 shares of the company traded hands, compared to its average volume of 2,265,415. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The company has a market cap of $126.58 billion, a PE ratio of 26.21, a P/E/G ratio of 2.14 and a beta of 1.07. The stock’s 50-day simple moving average is $429.43 and its two-hundred day simple moving average is $425.80. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $552.25.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate of $4.81 by $0.02. The business 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 business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued 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%.

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.