Pitcairn Co. Sells 3,047 Shares of S&P Global Inc. $SPGI

Key Points

• Pitcairn Co. cut its stake in S&P Global by 39.5% in Q3, selling 3,047 shares and leaving it with 4,662 shares worth about $2.27 million.
• Despite several price-target cuts from firms like Mizuho and BMO, analysts maintain a consensus rating of "Buy" on S&P Global with a consensus price target of $562.67.
• S&P Global slightly missed quarterly EPS ($4.30 vs. $4.32 expected) while revenue rose 9% to $3.92B; management set FY2026 guidance of 19.40–19.65 EPS and raised the quarterly dividend to $0.97.

Pitcairn Co. cut its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 39.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,662 shares of the business services provider's stock after selling 3,047 shares during the period. Pitcairn Co.'s holdings in S&P Global were worth $2,269,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. MTM Investment Management LLC purchased a new stake in shares of S&P Global in the second quarter worth approximately $27,000. J.Safra Asset Management Corp purchased a new stake in shares of S&P Global in the third quarter valued at approximately $29,000. Spurstone Advisory Services LLC bought a new position in shares of S&P Global during the 2nd quarter worth $34,000. Howard Hughes Medical Institute bought a new position in shares of S&P Global during the 2nd quarter worth $36,000. Finally, First Pacific Financial increased its stake in shares of S&P Global by 51.0% during the third quarter. First Pacific Financial now owns 74 shares of the business services provider's stock valued at $36,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Mizuho lowered their price target on shares of S&P Global from $657.00 to $551.00 and set an "outperform" rating for the company in a research report on Thursday, February 12th. BMO Capital Markets lowered their target price on shares of S&P Global from $601.00 to $482.00 and set an "outperform" rating for the company in a research note on Wednesday, February 11th. Robert W. Baird set a $546.00 price target on S&P Global in a research report on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 price objective on S&P Global in a report on Wednesday, February 11th. Finally, William Blair reissued an "outperform" rating on shares of S&P Global in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $562.67.

S&P Global Price Performance

NYSE SPGI opened at $450.68 on Friday. The company has a market cap of $134.66 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 1.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The stock's fifty day moving average price is $485.11 and its 200 day moving average price is $499.08. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.02). The firm had revenue of $3.92 billion for the quarter, compared to analysts' expectations of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.97 dividend. This is a boost from S&P Global's previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global's dividend payout ratio is currently 26.48%.

S&P Global 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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