10,000 S&P Global Inc. $SPGI Shares Bought by Generate Investment Management Ltd

Key Points

• Generate Investment Management increased its S&P Global stake by 33.3% in the third quarter, purchasing 10,000 shares and bringing its total holdings to 40,000 shares valued at approximately $15.8 million.
• Institutional ownership remains high at 87.17%, while analysts maintain a “Moderate Buy” consensus with an average price target of $519.12.
• S&P Global shares recently fell 0.8% to $406.56, despite the company exceeding quarterly revenue and earnings expectations; it also declared a quarterly dividend of $0.97 per share.

Generate Investment Management Ltd grew its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 33.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,000 shares of the business services provider's stock after purchasing an additional 10,000 shares during the quarter. Generate Investment Management Ltd's holdings in S&P Global were worth $15,779,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in S&P Global by 2.2% in the second quarter. State Street Corp now owns 14,482,789 shares of the business services provider's stock valued at $5,898,261,000 after buying an additional 307,255 shares during the last quarter. Unisphere Establishment raised its stake in S&P Global by 6.5% in the first quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider's stock valued at $905,995,000 after buying an additional 130,050 shares in the last quarter. Bank of America Corp DE purchased a new stake in S&P Global during the 2nd quarter worth about $865,892,000. T. Rowe Price Investment Management Inc. lifted its holdings in S&P Global by 2,256.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider's stock worth $755,996,000 after buying an additional 1,385,249 shares during the last quarter. Finally, Soroban Capital Partners LP lifted its holdings in S&P Global by 260.3% during the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider's stock worth $718,247,000 after buying an additional 1,219,990 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SPGI shares. Citigroup upped their price objective on S&P Global from $454.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Morgan Stanley cut their target price on 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. Royal Bank Of Canada restated an "outperform" rating and set a $510.00 target price on shares of S&P Global in a research note on Wednesday, August 26th. BMO Capital Markets decreased their target price on S&P Global from $505.00 to $500.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Zacks Research raised S&P Global from a "strong sell" rating to a "hold" rating in a report on Monday, September 14th. Eighteen research 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 stock has an average rating of "Moderate Buy" and a consensus target price of $519.12.

S&P Global Stock Down 0.8%

NYSE:SPGI traded down $3.43 during midday trading on Wednesday, hitting $406.56. 404,347 shares of the company were exchanged, compared to its average volume of 2,199,848. The company has a fifty day simple moving average of $415.07 and a 200 day simple moving average of $421.22. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week 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 $119.85 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.99 and a beta of 1.09.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm posted $4.43 earnings per share. S&P Global's revenue for the quarter 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 anticipate that S&P Global Inc. will post 17.72 earnings per share 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 given a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.0%. S&P Global's dividend payout ratio is 23.69%.

About S&P Global

S&P Global Inc NYSE: SPGI is a global provider of financial information, analytics, benchmarks and credit ratings. The company serves financial institutions, corporations, governments and other organizations by helping them assess credit risk, evaluate markets, manage portfolios, analyze supply chains and make business decisions.

Its principal businesses include S&P Global Ratings, which provides credit ratings, research and related analytical services; S&P Global Market Intelligence, which delivers financial and industry data, research and workflow solutions; and S&P Global Commodity Insights, which supplies pricing information, market analysis and intelligence for energy and commodities markets.

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