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

Lakewood Capital Management LP raised its position in S&P Global Inc. (NYSE:SPGI) by 18.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,750 shares of the business services provider’s stock after buying an additional 8,000 shares during the period. Lakewood Capital Management LP’s holdings in S&P Global were worth $21,076,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SPGI. Dorsey Asset Management LLC acquired a new stake in shares of S&P Global in the first quarter valued at about $94,716,000. Troy Asset Management Ltd grew its stake in S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after acquiring an additional 8,652 shares in the last quarter. Capital International Inc. CA grew its stake in S&P Global by 11.6% during the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after acquiring an additional 7,343 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in S&P Global by 6.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider’s stock valued at $107,480,000 after acquiring an additional 11,843 shares during the last quarter. Finally, ABN Amro Investment Solutions raised its holdings in S&P Global by 6.3% in the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock valued at $79,060,000 after acquiring an additional 8,997 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SPGI. Rothschild & Co Redburn dropped their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Stifel Nicolaus upped their target price on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a report on Friday, July 17th. Zacks Research downgraded S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Finally, Mizuho raised their price objective on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $435.38 on Tuesday. The company has a market capitalization of $128.35 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average of $423.08 and a 200-day moving average of $424.51. S&P Global Inc. has a one year low of $381.61 and a one year high of $557.06.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm earned $4.43 earnings per share. S&P Global’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s payout ratio is presently 23.69%.

S&P Global 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.