TCW Group Inc. Sells 47,551 Shares of S&P Global Inc. $SPGI

TCW Group Inc. lowered its stake in S&P Global Inc. (NYSE:SPGI) by 20.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,705 shares of the business services provider’s stock after selling 47,551 shares during the period. TCW Group Inc. owned approximately 0.06% of S&P Global worth $75,223,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in S&P Global during the fourth quarter worth about $2,398,991,000. EdgePoint Investment Group Inc. acquired a new stake in S&P Global during the first quarter worth about $702,911,000. Cardano Risk Management B.V. increased its holdings in S&P Global by 858.3% in 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 buying an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. raised 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 buying an additional 1,385,249 shares in the last quarter. Finally, Soroban Capital Partners LP raised 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 buying an additional 1,219,990 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Citigroup lifted their price objective on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Bank of America lowered 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 research report on Friday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Finally, Barclays reduced their target price on S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Eighteen 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Stock Down 1.1%

Shares of NYSE SPGI opened at $418.15 on Friday. The company has a market cap of $123.27 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 1.90 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $565.28. The stock has a 50-day moving average price of $422.53 and a two-hundred day moving average price of $429.14.

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 for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion for 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 firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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