B. Metzler seel. Sohn & Co. AG Sells 80,518 Shares of S&P Global Inc. $SPGI

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its S&P Global stake by 19.8%, selling 80,518 shares and retaining 325,996 shares valued at approximately $132.8 million.
• Analysts remain broadly positive, with 18 Buy ratings, one Hold and one Sell; the stock has a “Moderate Buy” consensus and an average price target of $523.59.
• S&P Global exceeded quarterly earnings and revenue estimates, reporting $4.83 in EPS and $4.15 billion in revenue, while declaring a $0.97 quarterly dividend, equivalent to a 0.9% yield.

B. Metzler seel. Sohn & Co. AG cut its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 19.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 325,996 shares of the business services provider's stock after selling 80,518 shares during the quarter. S&P Global accounts for about 1.1% of B. Metzler seel. Sohn & Co. AG's portfolio, making the stock its 20th biggest position. B. Metzler seel. Sohn & Co. AG owned approximately 0.11% of S&P Global worth $132,762,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Dorsey Asset Management LLC purchased a new stake in shares of S&P Global in the first quarter valued at about $94,716,000. Troy Asset Management Ltd lifted its position in shares of S&P Global by 26.2% during the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider's stock valued at $21,795,000 after purchasing an additional 8,652 shares in the last quarter. Capital International Inc. CA boosted its holdings in S&P Global by 11.6% during the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider's stock worth $36,955,000 after purchasing an additional 7,343 shares during the last quarter. Pictet Asset Management Holding SA grew its position 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 worth $107,480,000 after purchasing an additional 11,843 shares in the last quarter. Finally, ABN Amro Investment Solutions grew its position 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 worth $79,060,000 after purchasing an additional 8,997 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on SPGI. Bank of America dropped their target price on shares of S&P Global from $575.00 to $550.00 and set a "buy" rating on the stock in a research report on Friday, July 10th. Citigroup upped their target price on S&P Global from $454.00 to $500.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. UBS Group decreased their price target on S&P Global from $550.00 to $525.00 and set a "buy" rating for the company in a research report on Tuesday, July 7th. Jefferies Financial Group lifted their price target on S&P Global from $500.00 to $535.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. cut their price objective on S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. Eighteen 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. According to data from MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and an average target price of $523.59.

S&P Global Price Performance

Shares of NYSE SPGI opened at $431.70 on Friday. The firm has a market cap of $127.27 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. The stock has a fifty day simple moving average of $422.64 and a two-hundred day simple moving average of $425.42. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $559.44.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts' consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global's dividend payout ratio is 23.69%.

S&P Global Company 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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