Korea Investment CORP Reduces Position in S&P Global Inc. $SPGI

Key Points

• Korea Investment CORP cut its S&P Global stake by 30.8% in the second quarter, selling 93,829 shares and retaining 210,801 shares valued at approximately $85.9 million.
• Institutional investors collectively own 87.17% of S&P Global, while several major funds—including Vanguard, State Street, TCI Fund Management and Morgan Stanley—recently increased their positions.
• Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $523.59. S&P Global also exceeded quarterly earnings and revenue estimates and declared a quarterly dividend of $0.97 per share.

Korea Investment CORP trimmed its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 30.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,801 shares of the business services provider's stock after selling 93,829 shares during the period. Korea Investment CORP owned 0.07% of S&P Global worth $85,851,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew 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 acquiring an additional 117,728 shares in the last quarter. State Street Corp lifted its stake in S&P Global by 1.1% in 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. boosted its holdings in shares of S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider's stock worth $6,161,498,000 after purchasing an additional 600,440 shares during the last quarter. Morgan Stanley boosted its holdings in shares of S&P Global by 3.3% during the 4th quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider's stock worth $4,354,796,000 after purchasing an additional 263,051 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of S&P Global in the fourth quarter valued at approximately $2,398,991,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SPGI shares. Morgan Stanley cut their price target on S&P Global from $557.00 to $525.00 and set an "overweight" rating for the company in a report on Tuesday, July 7th. BMO Capital Markets upped their target price on S&P Global from $495.00 to $505.00 and gave the company an "outperform" rating in a report on Tuesday, July 7th. Robert W. Baird cut their target price on S&P Global from $521.00 to $513.00 and set an "outperform" rating for the company in a research note on Wednesday, July 29th. UBS Group reduced their price target on S&P Global from $550.00 to $525.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. Finally, Daiwa Securities Group reduced their price target 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. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $523.59.

S&P Global Stock Down 0.2%

SPGI stock opened at $431.10 on Friday. S&P Global Inc. has a one year low of $381.61 and a one year high of $559.44. The firm has a market cap of $127.09 billion, a PE ratio of 26.32, a PEG ratio of 1.94 and a beta of 1.07. The firm's 50 day moving average price is $422.87 and its 200-day moving average price 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 (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 during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued 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 dividend yield of 0.9%. S&P Global's dividend 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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