Landscape Capital Management L.L.C. Decreases Stock Position in S&P Global Inc. $SPGI

Landscape Capital Management L.L.C. decreased its position in S&P Global Inc. (NYSE:SPGI) by 37.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,500 shares of the business services provider’s stock after selling 7,017 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in S&P Global were worth $4,683,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of S&P Global by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock worth $15,873,340,000 after purchasing an additional 117,728 shares in the last quarter. State Street Corp grew its holdings in S&P Global by 1.1% during the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock valued at $7,451,971,000 after purchasing an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. increased its stake in S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after buying an additional 600,440 shares during the period. Morgan Stanley increased its stake in S&P Global by 3.3% during the 4th quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after buying an additional 263,051 shares during the period. Finally, Norges Bank acquired a new position in S&P Global in the 4th quarter worth $2,398,991,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $431.10 on Friday. The firm has a fifty day moving average of $422.87 and a two-hundred day moving average of $425.46. The firm has a market cap of $127.09 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.94 and a beta of 1.07. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $559.44. 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 (NYSE:SPGI) last issued 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 business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business posted $4.43 EPS. The company’s revenue for the quarter 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, research analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Citigroup raised their target price 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. BMO Capital Markets boosted their price target on S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday, July 4th. Finally, Rothschild & Co Redburn dropped their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Eighteen investment 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global 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.