Asset One Wealth Management LLC Sells 5,457 Shares of S&P Global Inc. $SPGI

Key Points

• Asset One Wealth Management reduced its S&P Global stake by 90.2% in the second quarter, selling 5,457 shares and retaining 595 shares valued at approximately $264,000. Institutional investors collectively own 87.17% of the company.
• Analyst sentiment remains broadly positive, with 18 Buy ratings, one Hold and one Sell. However, several firms recently lowered price targets, and the consensus target stands at $523.59 versus the stock’s reported $431.10 price.
• S&P Global exceeded quarterly expectations, reporting $4.83 in adjusted EPS and $4.15 billion in revenue, up 10.4% year over year. The company also declared a quarterly dividend of $0.97 per share, representing an annualized yield of about 0.9%.

Asset One Wealth Management LLC cut its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 90.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 595 shares of the business services provider's stock after selling 5,457 shares during the quarter. Asset One Wealth Management LLC's holdings in S&P Global were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dorsey Asset Management LLC purchased a new position in S&P Global during the first quarter valued at $94,716,000. Troy Asset Management Ltd boosted its holdings in S&P Global by 26.2% in the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider's stock worth $21,795,000 after acquiring an additional 8,652 shares in the last quarter. Capital International Inc. CA grew its stake in shares of S&P Global by 11.6% in the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider's stock worth $36,955,000 after acquiring an additional 7,343 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of S&P Global by 6.1% during the fourth 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 in the last quarter. Finally, ABN Amro Investment Solutions increased its holdings in shares of S&P Global by 6.3% during the fourth 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 in 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 issued reports on SPGI shares. Barclays decreased their target price on shares of S&P Global from $555.00 to $553.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. Rothschild & Co Redburn reduced their target price on S&P Global from $540.00 to $520.00 and set a "buy" rating for the company in a report on Thursday, June 18th. Wall Street Zen upgraded S&P Global to a "hold" rating in a research note on Saturday, July 4th. Zacks Research cut S&P Global from a "hold" rating to a "strong sell" rating in a research note on Monday, July 20th. Finally, Royal Bank Of Canada lowered their price target on S&P Global from $560.00 to $510.00 and set an "outperform" rating on the stock in a report on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $523.59.

S&P Global Trading Down 0.0%

Shares of NYSE:SPGI opened at $431.10 on Monday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $559.44. The stock has a market capitalization of $127.09 billion, a price-to-earnings ratio of 26.32, a PEG 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's 50-day simple moving average is $422.87 and its two-hundred day simple moving average is $424.74.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping 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 firm had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter in the prior year, the business earned $4.43 EPS. The business'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. Analysts expect that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.97 dividend. 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%.

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.

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