S&P Global Inc. $SPGI Stock Sold by James Hambro & Partners LLP

Key Points

• James Hambro & Partners LLP reduced its S&P Global stake by 28.2% in the third quarter, selling 9,879 shares and retaining 25,164 shares valued at approximately $9.9 million.
• Institutional ownership remains high at 87.17%, while analysts maintain a favorable outlook: 18 rate the stock Buy and two rate it Hold, with a consensus price target of $515.88.
• S&P Global shares traded near $427.52, while the company reported quarterly revenue of $4.15 billion and adjusted earnings of $4.83 per share, slightly exceeding analyst expectations. It also declared a quarterly dividend of $0.97 per share, a 0.9% yield.

James Hambro & Partners LLP cut its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 28.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,164 shares of the business services provider's stock after selling 9,879 shares during the period. S&P Global comprises approximately 0.3% of James Hambro & Partners LLP's investment portfolio, making the stock its 24th biggest position. James Hambro & Partners LLP's holdings in S&P Global were worth $9,934,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SPGI. State Street Corp boosted its holdings in shares of S&P Global by 2.2% during the 2nd quarter. State Street Corp now owns 14,482,789 shares of the business services provider's stock valued at $5,898,261,000 after acquiring an additional 307,255 shares in the last quarter. Unisphere Establishment increased its holdings in 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 purchasing an additional 130,050 shares in the last quarter. Bank of America Corp DE acquired a new position in S&P Global in the 2nd quarter worth about $865,892,000. Soroban Capital Partners LP raised its position in S&P Global by 260.3% in the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider's stock valued at $718,247,000 after purchasing an additional 1,219,990 shares during the last quarter. Finally, EdgePoint Investment Group Inc. bought a new position in S&P Global in the first quarter valued at about $702,911,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup lifted their price target on S&P Global from $454.00 to $500.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lowered their price objective on S&P Global from $530.00 to $520.00 and set an "overweight" rating for the company in a research note on Wednesday, October 14th. Zacks Research upgraded shares of S&P Global from a "strong sell" rating to a "hold" rating in a report on Monday, September 14th. Morgan Stanley dropped their price objective on shares of S&P Global from $525.00 to $477.00 and set an "overweight" rating for the company in a report on Wednesday, October 7th. Finally, Bank of America reduced their target price on shares of S&P Global from $575.00 to $550.00 and set a "buy" rating on the stock in a report on Friday, July 10th. 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $515.88.

S&P Global Trading Down 0.5%

SPGI traded down $2.12 during midday trading on Monday, hitting $427.52. 552,495 shares of the company were exchanged, compared to its average volume of 2,196,375. The firm's 50 day moving average price is $415.86 and its 200-day moving average price is $421.41. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25. The firm has a market capitalization of $126.03 billion, a P/E ratio of 26.10, a P/E/G ratio of 2.09 and a beta of 1.09. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%. The company had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter in the prior year, the firm posted $4.43 earnings per share. The business'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. As a group, equities analysts forecast that S&P Global Inc. will post 17.69 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a dividend of $0.97 per share. The ex-dividend date is Wednesday, November 25th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global's dividend payout ratio (DPR) is presently 23.69%.

S&P Global Company Profile

S&P Global NYSE: SPGI is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.

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