Compass Capital Management Inc. Reduces Holdings in S&P Global Inc. $SPGI

Key Points

• Compass Capital Management reduced its S&P Global stake by 4.3% in the second quarter, selling 5,423 shares and retaining 121,867 shares valued at approximately $49.6 million. Institutional investors collectively own 87.17% of the company.
• S&P Global exceeded quarterly expectations with earnings of $4.83 per share and revenue of $4.15 billion, up 10.4% year over year. The company also declared a quarterly dividend of $0.97 per share, representing a 0.9% yield.
• Wall Street’s overall view remains positive, with 18 Buy ratings, one Hold, and one Sell; the consensus rating is Moderate Buy with a $523.59 price target, compared with a recent share price of $418.15.

Compass Capital Management Inc. decreased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,867 shares of the business services provider's stock after selling 5,423 shares during the period. S&P Global makes up about 3.0% of Compass Capital Management Inc.'s investment portfolio, making the stock its 17th largest position. Compass Capital Management Inc.'s holdings in S&P Global were worth $49,632,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Joseph Group Capital Management purchased a new position in shares of S&P Global during the 4th quarter worth about $29,000. North Star Investment Management Corp. grew its holdings in S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider's stock valued at $32,000 after purchasing an additional 35 shares during the last quarter. Palladiem LLC purchased a new stake in S&P Global in the 4th quarter worth about $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global in the 3rd quarter worth about $36,000. Finally, Swiss RE Ltd. bought a new stake in S&P Global in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

S&P Global stock opened at $418.15 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $123.27 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. The firm has a 50-day moving average of $422.53 and a two-hundred day moving average of $428.39. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $565.28.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the company posted $4.43 earnings per share. The company's quarterly revenue 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. On average, research analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global's dividend payout ratio is presently 23.69%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SPGI shares. Zacks Research lowered S&P Global from a "hold" rating to a "strong sell" rating in a research report on Monday, July 20th. 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 report on Wednesday, July 1st. BMO Capital Markets raised their price target on S&P Global from $495.00 to $505.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 7th. UBS Group dropped their price objective on S&P Global from $550.00 to $525.00 and set a "buy" rating for the company in a report on Tuesday, July 7th. Finally, Mizuho upped their price objective on S&P Global from $551.00 to $554.00 and gave the company an "outperform" rating in a research report on Tuesday, May 5th. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, S&P Global presently has an average 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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