LRZ Capital LLC Has $16.04 Million Position in S&P Global Inc. $SPGI

Key Points

• LRZ Capital reduced its S&P Global stake by 11.7% in the second quarter, selling 5,197 shares and retaining 39,383 shares valued at approximately $16.04 million.
• S&P Global reported quarterly revenue of $4.15 billion and earnings of $4.83 per share, exceeding analyst expectations, while revenue increased 10.4% year over year.
• The company declared a quarterly dividend of $0.97 per share, and analysts maintain a “Moderate Buy” consensus with an average price target of $523.59 versus the stock’s reported $418.15 price.

LRZ Capital LLC decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 11.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,383 shares of the business services provider's stock after selling 5,197 shares during the period. S&P Global accounts for approximately 8.1% of LRZ Capital LLC's holdings, making the stock its 3rd biggest holding. LRZ Capital LLC's holdings in S&P Global were worth $16,039,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Ascent Group LLC increased its position in S&P Global by 2.4% in the 2nd quarter. Ascent Group LLC now owns 4,053 shares of the business services provider's stock valued at $1,651,000 after acquiring an additional 95 shares in the last quarter. Willis Investment Counsel lifted its position in shares of S&P Global by 21.9% during the second quarter. Willis Investment Counsel now owns 16,757 shares of the business services provider's stock worth $6,824,000 after purchasing an additional 3,012 shares in the last quarter. Compound Global Advisors LLC grew its stake in shares of S&P Global by 50.0% during the second quarter. Compound Global Advisors LLC now owns 150 shares of the business services provider's stock valued at $61,000 after purchasing an additional 50 shares during the last quarter. Elyxium Wealth LLC grew its stake in shares of S&P Global by 45.7% during the second quarter. Elyxium Wealth LLC now owns 857 shares of the business services provider's stock valued at $349,000 after purchasing an additional 269 shares during the last quarter. Finally, Sage Rhino Capital LLC increased its holdings in shares of S&P Global by 12.5% in the second quarter. Sage Rhino Capital LLC now owns 3,823 shares of the business services provider's stock valued at $1,557,000 after purchasing an additional 424 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Down 1.1%

Shares of S&P Global stock opened at $418.15 on Friday. The business has a fifty day simple moving average of $422.53 and a 200 day simple moving average of $429.14. The stock has a market cap of $123.27 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.90 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. 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 issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.81 by $0.02. The firm 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 company's revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Research analysts predict that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

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 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 yield of 0.9%. S&P Global's payout ratio is currently 23.69%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research reports. Daiwa Securities Group reduced 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. BMO Capital Markets boosted their target price on S&P Global from $495.00 to $505.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 7th. Robert W. Baird cut their price target on S&P Global from $521.00 to $513.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 29th. Mizuho upped their price target on 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, JPMorgan Chase & Co. lowered 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. Eighteen 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $523.59.

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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