S&P Global Inc. $SPGI Shares Sold by Groupe la Francaise

Key Points

• Groupe la Francaise reduced its S&P Global stake by 30.2% in the second quarter, selling 4,996 shares and retaining 11,560 shares valued at approximately $4.7 million.
• S&P Global reported quarterly earnings of $4.83 per share and revenue of $4.15 billion, exceeding analyst estimates; revenue increased 10.4% year over year.
• The company declared a quarterly dividend of $0.97 per share, while analysts maintained a “Moderate Buy” consensus rating with an average price target of $523.59.

Groupe la Francaise cut its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 30.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,560 shares of the business services provider's stock after selling 4,996 shares during the period. Groupe la Francaise's holdings in S&P Global were worth $4,708,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SPGI. California State Teachers Retirement System raised its position 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. lifted its holdings in shares of S&P Global by 2.3% in the 2nd quarter. Washington Trust Advisors Inc. now owns 22,990 shares of the business services provider's stock worth $9,363,000 after acquiring an additional 524 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in S&P Global by 10.2% during the second 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 in the last quarter. Kintra Wealth LLC boosted its holdings in S&P Global by 10.4% during the 2nd quarter. Kintra Wealth LLC now owns 635 shares of the business services provider's stock valued at $268,000 after acquiring an additional 60 shares during the period. Finally, Nilsine Partners LLC boosted its stake in shares of S&P Global by 40.0% in the second quarter. Nilsine Partners LLC now owns 1,126 shares of the business services provider's stock valued at $459,000 after purchasing an additional 322 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of SPGI opened at $443.30 on Tuesday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $552.25. The company's 50 day simple moving average is $428.99 and its 200 day simple moving average is $425.73. The company has a market capitalization of $130.68 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.14 and a beta of 1.07. 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 released its earnings results 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 firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate 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, sell-side analysts predict that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis 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%.

Analysts Set New Price Targets

A number of analysts recently weighed in on SPGI shares. Weiss Ratings restated a "hold (c)" rating on shares of S&P Global in a research note on Monday, July 6th. The Goldman Sachs Group reduced their target price on S&P Global from $539.00 to $490.00 and set a "buy" rating for the company in a report on Wednesday, July 1st. Daiwa Securities Group lowered their price objective on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. Wall Street Zen upgraded S&P Global to a "hold" rating in a research note on Saturday. Finally, Stifel Nicolaus boosted their price target 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. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.

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