Jackson Hill Advisors LLC Grows Stock Position in S&P Global Inc. $SPGI

Key Points

• Jackson Hill Advisors increased its S&P Global position by 7.5% in the second quarter, bringing its holdings to 50,000 shares valued at approximately $20.4 million. Institutional investors collectively own 87.17% of SPGI.
• S&P Global reported quarterly revenue of $4.15 billion and adjusted earnings of $4.83 per share, exceeding analyst expectations, while revenue rose 10.4% year over year.
• The company declared a quarterly dividend of $0.97 per share, representing a 0.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $523.59, above the reported share price of $418.15.

Jackson Hill Advisors LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 7.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the business services provider's stock after purchasing an additional 3,500 shares during the quarter. S&P Global accounts for about 10.3% of Jackson Hill Advisors LLC's investment portfolio, making the stock its 2nd largest position. Jackson Hill Advisors LLC's holdings in S&P Global were worth $20,363,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SPGI. Joseph Group Capital Management bought a new position in shares of S&P Global in the fourth 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 buying an additional 35 shares in the last quarter. Palladiem LLC bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $36,000. Palisade Asset Management LLC bought a new stake in shares of S&P Global during the third quarter valued at approximately $36,000. Finally, Swiss RE Ltd. purchased a new position in shares of S&P Global in the fourth quarter worth $39,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 1.1%

Shares of NYSE:SPGI opened at $418.15 on Friday. 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 Inc. has a 12 month low of $381.61 and a 12 month high of $565.28. The company has a 50-day moving average price of $422.53 and a 200 day moving average price of $429.14. The company has a market cap of $123.27 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 1.88 and a beta of 1.07.

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. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the previous year, the firm posted $4.43 earnings per share. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities research analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

The business 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. 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 currently 23.69%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research analyst reports. UBS Group cut their target price on shares of S&P Global from $550.00 to $525.00 and set a "buy" rating for the company in a research note on Tuesday, July 7th. Jefferies Financial Group increased their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a "buy" rating in a report on Monday, April 27th. JPMorgan Chase & Co. cut their price objective on S&P Global from $555.00 to $530.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Morgan Stanley reduced their target price on S&P Global from $557.00 to $525.00 and set an "overweight" rating on the stock in a report on Tuesday, July 7th. Finally, Bank of America decreased their target price on S&P Global from $575.00 to $550.00 and set a "buy" rating on the stock in a research report on Friday, July 10th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, S&P Global currently has an average rating of "Moderate Buy" and a consensus price target of $523.59.

S&P Global Company 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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