S&P Global Inc. $SPGI Stake Decreased by Carmignac Gestion

Key Points

• Carmignac Gestion reduced its S&P Global stake by 3.8% in the second quarter, selling 35,881 shares and retaining 919,140 shares valued at approximately $374.3 million.
• Analysts maintain a broadly positive view, with 18 Buy ratings, one Hold and one Sell; the consensus rating is “Moderate Buy” with a target price of $523.59.
• S&P Global reported quarterly revenue of $4.15 billion and earnings of $4.83 per share, exceeding estimates, while announcing a quarterly dividend of $0.97 per share, representing a 0.9% yield.

Carmignac Gestion lessened its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 919,140 shares of the business services provider's stock after selling 35,881 shares during the quarter. S&P Global makes up about 4.8% of Carmignac Gestion's investment portfolio, making the stock its 8th largest holding. Carmignac Gestion owned about 0.31% of S&P Global worth $374,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. Pingora Partners LLC bought a new position in shares of S&P Global in the 2nd quarter worth about $29,000. Palladiem LLC purchased a new stake in S&P Global in the fourth quarter worth about $36,000. Palisade Asset Management LLC bought a new position in shares of S&P Global during the third quarter valued at approximately $36,000. Swiss RE Ltd. purchased a new position in shares of S&P Global during the fourth quarter valued at approximately $39,000. Finally, WPG Advisers LLC boosted its position in shares of S&P Global by 37.0% in the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider's stock worth $41,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPGI. Rothschild & Co Redburn reduced their price objective on S&P Global from $540.00 to $520.00 and set a "buy" rating for the company in a research report on Thursday, June 18th. Robert W. Baird set a $513.00 price target on S&P Global in a research report on Wednesday, September 2nd. Wall Street Zen raised shares of S&P Global to a "hold" rating in a research report on Saturday. Bank of America reduced their price objective on shares of S&P Global from $575.00 to $550.00 and set a "buy" rating for the company in a research note on Friday, July 10th. Finally, UBS Group dropped their target price on shares of S&P Global from $550.00 to $525.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global Stock Performance

Shares of NYSE:SPGI traded down $14.14 during midday trading on Tuesday, reaching $429.37. 1,745,541 shares of the company's stock traded hands, compared to its average volume of 2,265,415. 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 Inc. has a one year low of $381.61 and a one year high of $552.25. The company has a market cap of $126.58 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 2.14 and a beta of 1.07. The stock has a 50 day moving average of $429.43 and a 200 day moving average of $425.80.

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 for the quarter, topping analysts' consensus estimates 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 return on equity of 17.74% and a net margin of 31.37%.S&P Global's revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given 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 dividend payout ratio is 23.69%.

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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