S&P Global Inc. $SPGI Stake Reduced by Northcape Capital Pty Ltd

Northcape Capital Pty Ltd lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 23.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,829 shares of the business services provider’s stock after selling 1,474 shares during the quarter. S&P Global makes up approximately 0.3% of Northcape Capital Pty Ltd’s portfolio, making the stock its 8th biggest position. Northcape Capital Pty Ltd’s holdings in S&P Global were worth $1,967,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Dorsey Asset Management LLC bought a new stake in shares of S&P Global in the first quarter worth about $94,716,000. Troy Asset Management Ltd increased its holdings in S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after purchasing an additional 8,652 shares during the period. Capital International Inc. CA raised its position in S&P Global by 11.6% during the 4th 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 during the last quarter. Pictet Asset Management Holding SA raised its position in S&P Global by 6.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider’s stock valued at $107,480,000 after purchasing an additional 11,843 shares during the last quarter. Finally, ABN Amro Investment Solutions lifted its holdings in S&P Global by 6.3% in the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock worth $79,060,000 after buying an additional 8,997 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stifel Nicolaus raised their price target on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Bank of America decreased their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Morgan Stanley decreased their price objective on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Finally, Mizuho raised their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Price Performance

Shares of SPGI stock opened at $410.22 on Tuesday. The business’s fifty day moving average is $422.83 and its 200 day moving average is $431.77. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market cap of $120.93 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.84 and a beta of 1.07. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last announced 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. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the firm posted $4.43 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that S&P Global Inc. will post 17.74 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is 23.69%.

S&P Global Profile

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.