Lakewood Capital Management LP Grows Stock Position in S&P Global Inc. $SPGI

Lakewood Capital Management LP grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 18.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,750 shares of the business services provider’s stock after acquiring an additional 8,000 shares during the quarter. Lakewood Capital Management LP’s holdings in S&P Global were worth $21,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Joseph Group Capital Management acquired a new stake in shares of S&P Global during the fourth quarter worth $29,000. North Star Investment Management Corp. increased its position in shares of S&P Global by 134.6% in the 4th 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 acquired a new position in shares of S&P Global in the 4th quarter valued at $36,000. Palisade Asset Management LLC purchased a new position in S&P Global in the 3rd quarter worth $36,000. Finally, Swiss RE Ltd. purchased a new position in S&P Global in the 4th quarter worth $39,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on SPGI. The Goldman Sachs Group dropped their price target on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Royal Bank Of Canada decreased their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Bank of America dropped their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Daiwa Securities Group decreased their price objective on shares of 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. Finally, Barclays dropped their price objective on shares of 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 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Up 0.9%

Shares of SPGI opened at $435.38 on Tuesday. The company has a market capitalization of $128.35 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 1.94 and a beta of 1.07. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $557.06. The stock’s 50-day moving average price is $423.08 and its 200-day moving average price is $424.51. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.S&P Global’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date of this dividend 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 Company 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.