QRG Capital Management Inc. Sells 8,147 Shares of S&P Global Inc. $SPGI

Key Points

• QRG Capital Management reduced its S&P Global stake by 15.4% in the second quarter, selling 8,147 shares and retaining 44,684 shares valued at approximately $18.2 million.
• Institutional ownership remains high at 87.17%, while several major investors—including State Street, Capital International Investors and Bank of America—recently increased or initiated positions.
• Analysts maintain a favorable outlook, with an average rating of “Moderate Buy” and a consensus price target of $523.59. S&P Global also exceeded quarterly earnings and revenue estimates, reporting $4.83 EPS and $4.15 billion in revenue.

QRG Capital Management Inc. lowered its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 15.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,684 shares of the business services provider's stock after selling 8,147 shares during the period. QRG Capital Management Inc.'s holdings in S&P Global were worth $18,204,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SPGI. State Street Corp lifted its position in S&P Global by 2.2% in the second quarter. State Street Corp now owns 14,482,789 shares of the business services provider's stock worth $5,898,261,000 after buying an additional 307,255 shares during the last quarter. Norges Bank purchased a new stake in shares of S&P Global in the fourth quarter valued at $2,398,991,000. Capital International Investors lifted its holdings in shares of S&P Global by 43.6% in the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider's stock worth $1,587,910,000 after acquiring an additional 922,433 shares during the last quarter. Unisphere Establishment lifted its holdings in shares of S&P Global by 6.5% in the 1st quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider's stock worth $905,995,000 after acquiring an additional 130,050 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of S&P Global during the 2nd quarter worth about $865,892,000. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stifel Nicolaus raised their price objective on shares of S&P Global from $489.00 to $521.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. JPMorgan Chase & Co. reduced their price target on S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Barclays cut their price objective on S&P Global from $555.00 to $553.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. BMO Capital Markets lifted 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. Finally, Citigroup boosted their target price on shares of S&P Global from $454.00 to $500.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and a consensus price target of $523.59.

S&P Global Stock Up 0.9%

Shares of S&P Global stock opened at $406.12 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $119.73 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.94 and a beta of 1.07. The firm's 50-day moving average is $423.49 and its two-hundred day moving average is $424.10. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $552.25.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate of $4.81 by $0.02. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Profile

S&P Global Inc NYSE: SPGI provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.