Gabelli Funds LLC Sells 7,923 Shares of S&P Global Inc. $SPGI

Key Points

• Gabelli Funds reduced its S&P Global stake by 7%, selling 7,923 shares and retaining 105,032 shares valued at approximately $42.8 million. Institutional investors and hedge funds collectively own 87.17% of the company.
• S&P Global reported quarterly EPS of $4.83, slightly exceeding estimates, while revenue rose 10.4% year over year to $4.15 billion. The company issued fiscal 2026 EPS guidance of $17.50–$17.75.
• The stock opened at $431.10, and analysts maintain a “Moderate Buy” consensus with an average price target of $523.59. S&P Global also declared a quarterly dividend of $0.97 per share, representing a 0.9% annualized yield.

Gabelli Funds LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,032 shares of the business services provider's stock after selling 7,923 shares during the period. Gabelli Funds LLC's holdings in S&P Global were worth $42,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in S&P Global by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider's stock valued at $15,873,340,000 after purchasing an additional 117,728 shares during the last quarter. State Street Corp increased its holdings in S&P Global by 1.1% during the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider's stock worth $7,451,971,000 after purchasing an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. lifted its holdings in shares of S&P Global by 5.4% in the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider's stock valued at $6,161,498,000 after purchasing an additional 600,440 shares in the last quarter. Morgan Stanley lifted its holdings in shares of S&P Global by 3.3% in the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider's stock valued at $4,354,796,000 after purchasing an additional 263,051 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of S&P Global during the fourth quarter valued at approximately $2,398,991,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 0.2%

Shares of NYSE:SPGI opened at $431.10 on Friday. The stock has a market capitalization of $127.09 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $559.44. The stock's 50-day moving average price is $422.87 and its 200-day moving average price is $425.46. 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 (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. S&P Global's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts anticipate 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 disclosed 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. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global's payout ratio is presently 23.69%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SPGI. Robert W. Baird cut their price objective on shares of S&P Global from $521.00 to $513.00 and set an "outperform" rating on the stock in a report on Wednesday, July 29th. Weiss Ratings reissued a "hold (c)" rating on shares of S&P Global in a research report on Monday, July 6th. Daiwa Securities Group cut their price target on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. UBS Group reduced their price objective on shares of 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. Finally, BMO Capital Markets increased their price target on S&P Global from $495.00 to $505.00 and gave the company an "outperform" rating in a research report on Tuesday, July 7th. Eighteen equities research 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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