Bowie Capital Management LLC Has $84.44 Million Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Bowie Capital Management cut its S&P Global stake by 12.4% in the second quarter, selling 29,361 shares. It still held 207,344 shares valued at approximately $84.44 million, representing 3.6% of its portfolio.
• S&P Global exceeded quarterly expectations with adjusted EPS of $4.83 versus $4.81 expected and revenue of $4.15 billion. Revenue increased 10.4% year over year, while the company reaffirmed fiscal 2026 EPS guidance of $17.50–$17.75.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $523.59, despite several recent target reductions. The company also declared a quarterly dividend of $0.97 per share, yielding approximately 0.9% annually.

Bowie Capital Management LLC trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 12.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,344 shares of the business services provider's stock after selling 29,361 shares during the quarter. S&P Global comprises approximately 3.6% of Bowie Capital Management LLC's investment portfolio, making the stock its 12th biggest position. Bowie Capital Management LLC owned about 0.07% of S&P Global worth $84,443,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SPGI. Dorsey Asset Management LLC acquired a new stake in shares of S&P Global during the first quarter worth $94,716,000. Troy Asset Management Ltd grew its stake in shares of 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 valued at $21,795,000 after acquiring an additional 8,652 shares in the last quarter. Capital International Inc. CA increased its position 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 acquiring an additional 7,343 shares during the period. Pictet Asset Management Holding SA increased its position in 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 worth $107,480,000 after acquiring an additional 11,843 shares during the period. Finally, ABN Amro Investment Solutions raised its stake 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.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $431.70 on Friday. The firm has a 50 day moving average of $422.64 and a 200-day moving average of $425.42. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $559.44. 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 stock has a market capitalization of $127.27 billion, a PE ratio of 26.36, a PEG ratio of 1.92 and a beta of 1.07.

S&P Global (NYSE:SPGI - Get Free Report) last posted 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 business had revenue of $4.15 billion for 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 firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities research analysts predict that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 dividend 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%.

Analysts Set New Price Targets

SPGI has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $555.00 to $530.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. Zacks Research downgraded shares of S&P Global from a "hold" rating to a "strong sell" rating in a research report on Monday, July 20th. Barclays cut their price target on S&P Global from $555.00 to $553.00 and set an "overweight" rating for the company in a research note on Wednesday, July 29th. The Goldman Sachs Group reduced their price target on S&P Global from $539.00 to $490.00 and set a "buy" rating on the stock in a research report on Wednesday, July 1st. Finally, Bank of America lowered their price objective on S&P Global from $575.00 to $550.00 and set a "buy" rating on the stock in a research note on Friday, July 10th. Eighteen 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's stock. According to 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 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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