S&P Global Inc. $SPGI Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its holdings in S&P Global Inc. (NYSE:SPGI) by 11.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,035 shares of the business services provider’s stock after selling 21,903 shares during the quarter. Handelsbanken Fonder AB’s holdings in S&P Global were worth $67,619,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Joseph Group Capital Management acquired a new position in shares of S&P Global in the fourth quarter worth about $29,000. North Star Investment Management Corp. boosted its stake 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 buying an additional 35 shares during the period. Palladiem LLC purchased a new stake in shares of S&P Global during the fourth quarter worth $36,000. Palisade Asset Management LLC acquired a new position in S&P Global in the 3rd quarter worth about $36,000. Finally, Swiss RE Ltd. acquired a new position in S&P Global in the fourth quarter worth approximately $39,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Up 0.5%

S&P Global stock opened at $410.22 on Tuesday. The company has a fifty day simple moving average of $422.83 and a 200 day simple moving average of $431.77. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. 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 $120.93 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07.

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

S&P Global Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 23.69%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SPGI. Evercore decreased their price objective on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Bank of America lowered 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. Rothschild & Co Redburn dropped their price objective on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Jefferies Financial Group lifted their price objective on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, S&P Global presently has an average 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.