Haverford Trust Co Acquires 6,162 Shares of S&P Global Inc. $SPGI

Key Points

• Haverford Trust increased its S&P Global stake by 2%, acquiring 6,162 shares and bringing its holdings to 314,182 shares valued at approximately $128 million. Institutional investors own 87.17% of the company.
• Analysts remain broadly positive, with 18 Buy ratings, one Hold and one Sell; the consensus rating is “Moderate Buy” with a price target of $523.59, despite several recent target-price reductions.
• S&P Global exceeded quarterly expectations, reporting $4.83 in earnings per share 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 a 0.9% yield.

Haverford Trust Co increased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 314,182 shares of the business services provider's stock after buying an additional 6,162 shares during the quarter. S&P Global accounts for about 1.1% of Haverford Trust Co's investment portfolio, making the stock its 24th largest position. Haverford Trust Co owned approximately 0.11% of S&P Global worth $127,954,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SPGI. Joseph Group Capital Management bought a new position in S&P Global in the fourth quarter worth approximately $29,000. North Star Investment Management Corp. grew its position in shares of 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 acquiring an additional 35 shares during the period. Palladiem LLC bought a new stake in shares of S&P Global during the 4th quarter valued at $36,000. Palisade Asset Management LLC purchased a new stake in shares of S&P Global in the 3rd quarter worth $36,000. Finally, Swiss RE Ltd. purchased a new stake in shares of S&P Global in the 4th quarter worth $39,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank Of Canada decreased their price objective on S&P Global from $560.00 to $510.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 7th. Rothschild & Co Redburn reduced their target price on shares of S&P Global from $540.00 to $520.00 and set a "buy" rating for the company in a report on Thursday, June 18th. The Goldman Sachs Group decreased their target price on shares of S&P Global from $539.00 to $490.00 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Zacks Research downgraded shares of S&P Global from a "hold" rating to a "strong sell" rating in a report on Monday, July 20th. Finally, Daiwa Securities Group reduced their price objective on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus price target of $523.59.

S&P Global Trading Down 0.2%

Shares of SPGI opened at $431.10 on Friday. The stock has a market capitalization of $127.09 billion, a PE ratio of 26.32, a P/E/G ratio of 1.94 and a beta of 1.07. The company's fifty day moving average is $422.87 and its 200 day moving average is $425.46. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $559.44.

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. The company 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 firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Sell-side analysts expect that S&P Global Inc. will post 17.75 earnings per share 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. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global's dividend payout ratio (DPR) is 23.69%.

About S&P Global

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source