S&P Global Inc. $SPGI Shares Sold by Amundi

Key Points

• Amundi cut its S&P Global stake by 25.5% in the second quarter, selling 494,650 shares and retaining 1.44 million shares valued at approximately $588.2 million. Institutional investors collectively own 87.17% of the company.
• S&P Global reported quarterly earnings of $4.83 per share, slightly above estimates, while revenue rose 10.4% year over year to $4.15 billion. The company issued fiscal 2026 EPS guidance of $17.50–$17.75.
• The stock opened at $443.30, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $523.59. S&P Global also declared a quarterly dividend of $0.97 per share, yielding about 0.9% annually.

Amundi trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 25.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,444,366 shares of the business services provider's stock after selling 494,650 shares during the quarter. Amundi owned 0.49% of S&P Global worth $588,232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advus Financial Partners LLC increased its position in shares of S&P Global by 5.4% during the second quarter. Advus Financial Partners LLC now owns 681 shares of the business services provider's stock worth $277,000 after acquiring an additional 35 shares during the period. California State Teachers Retirement System boosted its holdings in S&P Global by 39,515.8% in the second quarter. California State Teachers Retirement System now owns 187,868,631 shares of the business services provider's stock valued at $76,511,379,000 after purchasing an additional 187,394,404 shares during the period. Washington Trust Advisors Inc. grew its stake in S&P Global by 2.3% during the 2nd quarter. Washington Trust Advisors Inc. now owns 22,990 shares of the business services provider's stock worth $9,363,000 after purchasing an additional 524 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in S&P Global by 10.2% during the 2nd quarter. Ameritas Advisory Services LLC now owns 1,179 shares of the business services provider's stock worth $480,000 after purchasing an additional 109 shares during the period. Finally, Kintra Wealth LLC boosted its stake in shares of S&P Global by 10.4% in the 2nd quarter. Kintra Wealth LLC now owns 635 shares of the business services provider's stock valued at $268,000 after buying an additional 60 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.0%

Shares of NYSE:SPGI opened at $443.30 on Monday. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25. 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 $130.68 billion, a P/E ratio of 27.06, a P/E/G ratio of 2.14 and a beta of 1.07. The firm has a fifty day moving average price of $428.30 and a 200 day moving average price of $425.50.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS 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 company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the business posted $4.43 earnings per share. S&P Global's quarterly revenue was up 10.4% on a year-over-year basis. 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 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global's dividend payout ratio (DPR) is 23.69%.

Analyst Ratings Changes

SPGI has been the topic of a number of recent research reports. Rothschild & Co Redburn cut their target price on shares of S&P Global from $540.00 to $520.00 and set a "buy" rating on the stock in a research note on Thursday, June 18th. JPMorgan Chase & Co. dropped 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. The Goldman Sachs Group decreased their price objective on shares of S&P Global from $539.00 to $490.00 and set a "buy" rating for the company in a research report on Wednesday, July 1st. Citigroup increased their target price on S&P Global from $454.00 to $500.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Finally, Barclays dropped their price target on shares of S&P Global from $555.00 to $553.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 29th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $523.59.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source