S&P Global Inc. $SPGI Stock: James Hambro & Partners LLP Decreases Holdings

James Hambro & Partners LLP cut its holdings in S&P Global Inc. (NYSE:SPGI) by 28.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,164 shares of the business services provider’s stock after selling 9,879 shares during the period. S&P Global comprises approximately 0.3% of James Hambro & Partners LLP’s holdings, making the stock its 24th largest position. James Hambro & Partners LLP’s holdings in S&P Global were worth $9,934,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in shares of S&P Global during the 2nd quarter valued at about $865,892,000. EdgePoint Investment Group Inc. acquired a new stake in S&P Global during the first quarter worth approximately $702,911,000. Soroban Capital Partners LP increased its holdings in S&P Global by 260.3% in the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after purchasing an additional 1,219,990 shares in the last quarter. Veritas Asset Management LLP bought a new stake in S&P Global in the second quarter worth approximately $338,274,000. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in S&P Global in the second quarter worth approximately $164,700,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 0.5%

S&P Global stock traded down $2.12 during midday trading on Monday, reaching $427.52. The stock had a trading volume of 552,495 shares, compared to its average volume of 2,196,375. The company has a fifty day moving average price of $415.86 and a two-hundred day moving average price of $421.41. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $552.25. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $126.03 billion, a P/E ratio of 26.10, a PEG ratio of 2.09 and a beta of 1.09.

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, topping 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 for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the company earned $4.43 earnings per share. The company’s quarterly revenue 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. As a group, equities analysts expect that S&P Global Inc. will post 17.69 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 25th. S&P Global’s dividend payout ratio (DPR) is currently 23.69%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPGI. Zacks Research raised S&P Global from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Barclays reduced their price objective on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Morgan Stanley dropped their target price on shares of S&P Global from $525.00 to $477.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 7th. The Goldman Sachs Group cut their target price on shares of 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. Finally, Jefferies Financial Group restated a “buy” rating and issued a $490.00 price target on shares of S&P Global in a report on Friday. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $515.88.

S&P Global Company Profile

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.