HighTower Advisors LLC Sells 20,172 Shares of S&P Global Inc. $SPGI

Key Points

• HighTower Advisors reduced its S&P Global stake by 15.6%, selling 20,172 shares and retaining 108,930 shares valued at approximately $44.4 million. Institutional investors and hedge funds collectively own 87.17% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $523.59, despite several recent target reductions.
• S&P Global exceeded quarterly expectations, reporting $4.83 in EPS and $4.15 billion in revenue, while revenue grew 10.4% year over year. The company also declared a quarterly dividend of $0.97 per share, yielding about 0.9% annually.

HighTower Advisors LLC reduced its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 15.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,930 shares of the business services provider's stock after selling 20,172 shares during the quarter. HighTower Advisors LLC's holdings in S&P Global were worth $44,363,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of S&P Global during the fourth quarter worth approximately $2,398,991,000. EdgePoint Investment Group Inc. bought a new position in shares of S&P Global during the first quarter worth approximately $702,911,000. Cardano Risk Management B.V. lifted its holdings in S&P Global by 858.3% during the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider's stock worth $919,879,000 after purchasing an additional 1,576,544 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in S&P Global by 2,256.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider's stock worth $755,996,000 after purchasing an additional 1,385,249 shares during the last quarter. Finally, Soroban Capital Partners LP boosted its stake in S&P Global by 260.3% in the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider's stock valued at $718,247,000 after purchasing an additional 1,219,990 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on SPGI shares. Daiwa Securities Group decreased their price objective on S&P Global from $490.00 to $485.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Royal Bank Of Canada dropped their target price on S&P Global from $560.00 to $510.00 and set an "outperform" rating for the company in a report on Tuesday, July 7th. Morgan Stanley reduced their target price on shares of S&P Global from $557.00 to $525.00 and set an "overweight" rating for the company in a research report on Tuesday, July 7th. Mizuho upped their price target on shares of S&P Global from $551.00 to $554.00 and gave the company an "outperform" rating in a research note on Tuesday, May 5th. Finally, Citigroup raised their price target on shares of S&P Global from $454.00 to $500.00 and gave the stock a "buy" rating 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $523.59.

S&P Global Stock Performance

Shares of S&P Global stock opened at $418.15 on Friday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $565.28. 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 firm has a market capitalization of $123.27 billion, a P/E ratio of 25.53, a P/E/G ratio of 1.88 and a beta of 1.07. The company's 50 day moving average price is $422.53 and its two-hundred day moving average price is $429.14.

S&P Global (NYSE:SPGI - Get Free Report) last announced 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. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the business earned $4.43 earnings per share. The company's revenue for the quarter 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, equities analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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 given a dividend of $0.97 per share. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global's payout ratio is currently 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.

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