KBC Group NV Sells 15,192 Shares of S&P Global Inc. $SPGI

KBC Group NV lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,123 shares of the business services provider's stock after selling 15,192 shares during the period. KBC Group NV owned approximately 0.06% of S&P Global worth $77,022,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SPGI. Dorsey Asset Management LLC purchased a new stake in shares of S&P Global during the 1st quarter valued at $94,716,000. Troy Asset Management Ltd raised its stake in shares of S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider's stock worth $21,795,000 after purchasing an additional 8,652 shares during the period. Capital International Inc. CA boosted its holdings in shares of S&P Global by 11.6% in the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider's stock worth $36,955,000 after buying an additional 7,343 shares during the last quarter. Pictet Asset Management Holding SA grew its position in S&P Global by 6.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider's stock valued at $107,480,000 after buying an additional 11,843 shares during the period. Finally, ABN Amro Investment Solutions increased its holdings in S&P Global by 6.3% during the fourth quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider's stock worth $79,060,000 after buying an additional 8,997 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. 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 note on Wednesday, July 29th. Mizuho lifted their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a report on Tuesday, May 5th. Wall Street Zen upgraded S&P Global to a "hold" rating in a research note on Saturday, July 4th. Finally, Jefferies Financial Group increased their price objective on S&P Global from $500.00 to $535.00 and gave the company a "buy" rating in a report on Monday, April 27th. 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $523.59.

S&P Global Stock Performance

NYSE SPGI opened at $418.15 on Friday. The firm has a market cap of $123.27 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The company's 50 day moving average is $422.53 and its 200-day moving average is $429.14. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $565.28.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the business earned $4.43 EPS. S&P Global's 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. Sell-side 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 declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a $0.97 dividend. The ex-dividend date 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 23.69%.

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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