S&P Global Inc. $SPGI Stock Position Decreased 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, Holdings Channel reports. The institutional investor owned 4,829 shares of the business services provider’s stock after selling 1,474 shares during the period. S&P Global accounts for 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 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new stake in shares of S&P Global in the fourth quarter worth $29,000. North Star Investment Management Corp. increased its holdings in shares of S&P Global by 134.6% during the fourth 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 in the last quarter. Palladiem LLC purchased a new position in shares of S&P Global in the 4th quarter worth about $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global in the 3rd quarter worth about $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on SPGI shares. BMO Capital Markets increased their price objective on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Bank of America dropped their target price on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Finally, UBS Group reduced their price target on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Stock Performance

Shares of SPGI stock opened at $410.22 on Tuesday. The company has a 50 day moving average price of $422.83 and a 200-day moving average price of $431.77. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The firm has a market capitalization of $120.93 billion, a PE ratio of 25.04, a P/E/G ratio of 1.84 and a beta of 1.07. 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 released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.02. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 17.74 earnings per share for the current 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 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 yield of 0.9%. S&P Global’s payout ratio 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.