TCW Group Inc. Has $75.22 Million Position in S&P Global Inc. $SPGI

TCW Group Inc. lessened its position in S&P Global Inc. (NYSE:SPGI) by 20.5% in the second quarter, Holdings Channel.com reports. The firm owned 184,705 shares of the business services provider’s stock after selling 47,551 shares during the quarter. TCW Group Inc.’s holdings in S&P Global were worth $75,223,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Rehmann Capital Advisory Group grew its holdings in shares of S&P Global by 1.2% during the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock worth $937,000 after purchasing an additional 22 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in S&P Global by 14.2% in the 4th quarter. Salomon & Ludwin LLC now owns 185 shares of the business services provider’s stock valued at $99,000 after buying an additional 23 shares during the last quarter. Washington Trust Bank boosted its position in S&P Global by 1.2% during the 4th quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock worth $987,000 after buying an additional 23 shares during the period. Davidson Trust Co. boosted its position in S&P Global by 1.4% during the 4th quarter. Davidson Trust Co. now owns 1,727 shares of the business services provider’s stock worth $903,000 after buying an additional 24 shares during the period. Finally, Hibernia Wealth Partners LLC grew its holdings in S&P Global by 3.3% during the 1st quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after acquiring an additional 24 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of SPGI stock opened at $418.15 on Friday. The stock has a market capitalization of $123.27 billion, a PE ratio of 25.53, a PEG ratio of 1.90 and a beta of 1.07. The business’s 50 day simple moving average is $422.53 and its 200 day simple moving average is $429.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. S&P Global Inc. has a one year low of $381.61 and a one year high of $565.28.

S&P Global (NYSE:SPGI) last released 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. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is currently 23.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Citigroup upped their price target on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Morgan Stanley cut their price target on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Royal Bank Of Canada reduced their price objective on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. UBS Group decreased their price objective on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $523.59.

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.