Franklin Resources Inc. Sells 10,997 Shares of S&P Global Inc. $SPGI

Franklin Resources Inc. cut its position in S&P Global Inc. (NYSE:SPGI) by 1.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,136,923 shares of the business services provider’s stock after selling 10,997 shares during the period. Franklin Resources Inc. owned approximately 0.38% of S&P Global worth $553,352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SPGI. Summitry LLC raised its holdings in S&P Global by 2.1% in the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after acquiring an additional 18 shares during the last quarter. Hamilton Capital LLC lifted its position in S&P Global by 4.5% in the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock valued at $220,000 after acquiring an additional 18 shares in the last quarter. Sand Hill Global Advisors LLC boosted its stake in S&P Global by 3.1% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 19 shares during the last quarter. Chemistry Wealth Management LLC boosted its stake in S&P Global by 0.4% during the 3rd quarter. Chemistry Wealth Management LLC now owns 4,895 shares of the business services provider’s stock valued at $2,382,000 after purchasing an additional 21 shares during the last quarter. Finally, Forbes J M & Co. LLP increased its holdings in shares of S&P Global by 3.5% in the 3rd quarter. Forbes J M & Co. LLP now owns 627 shares of the business services provider’s stock worth $305,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE SPGI opened at $428.93 on Thursday. The stock has a market capitalization of $128.16 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.93 and a beta of 1.23. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The business’s fifty day moving average price is $478.18 and its 200-day moving average price is $495.52.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.02). The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given 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 was Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is currently 26.48%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPGI. UBS Group decreased their price target on S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Robert W. Baird set a $546.00 price objective on S&P Global in a research report on Wednesday, February 11th. Mizuho decreased their target price on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Stifel Nicolaus lowered their target price on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada dropped their price target on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the company. According to data from MarketBeat, S&P Global currently has a consensus rating of “Buy” and an average target price of $562.67.

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.