Thornburg Investment Management Inc. Boosts Stake in S&P Global Inc. $SPGI

Key Points

• Thornburg Investment Management increased its S&P Global stake by 154.2% in the second quarter, holding 14,103 shares valued at approximately $5.7 million. Institutional investors and hedge funds collectively own 87.17% of the company.
• S&P Global reported quarterly revenue of $4.15 billion and adjusted earnings of $4.83 per share, exceeding analyst expectations, while revenue increased 10.4% year over year. The company provided fiscal 2026 EPS guidance of $17.50–$17.75.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $523.59. S&P Global also declared a quarterly dividend of $0.97 per share, representing a 0.9% annualized yield.

Thornburg Investment Management Inc. raised its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 154.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,103 shares of the business services provider's stock after buying an additional 8,556 shares during the quarter. Thornburg Investment Management Inc.'s holdings in S&P Global were worth $5,744,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SPGI. State Street Corp boosted its stake in shares of S&P Global by 1.1% during the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider's stock valued at $7,451,971,000 after acquiring an additional 157,301 shares during the last quarter. TCI Fund Management Ltd. raised its stake in S&P Global by 5.4% in the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider's stock valued at $6,161,498,000 after purchasing an additional 600,440 shares during the last quarter. Morgan Stanley lifted its holdings in S&P Global by 3.3% in the 4th quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider's stock valued at $4,354,796,000 after purchasing an additional 263,051 shares in the last quarter. Norges Bank purchased a new position in S&P Global in the 4th quarter valued at about $2,398,991,000. Finally, Capital International Investors boosted its stake in shares of S&P Global by 43.6% during 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 purchasing an additional 922,433 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 1.7%

Shares of SPGI stock opened at $442.62 on Friday. The firm's 50-day simple moving average is $424.57 and its 200-day simple moving average is $424.29. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. 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 cap of $130.48 billion, a P/E ratio of 27.02, a PEG ratio of 1.99 and a beta of 1.07.

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 (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 firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm earned $4.43 earnings per share. S&P Global's revenue was up 10.4% compared to the same quarter last year. 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 17.75 EPS for the current year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SPGI. Royal Bank Of Canada reissued an "outperform" rating and issued a $510.00 price objective on shares of S&P Global in a research report on Wednesday. Daiwa Securities Group decreased their target price 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of S&P Global in a research note on Monday, July 6th. Mizuho increased their price target on S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded S&P Global to a "hold" rating in a report on Saturday, July 4th. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $523.59.

About S&P Global

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.

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