Man Group plc Lowers Stake in S&P Global Inc. $SPGI

Man Group plc trimmed its position in S&P Global Inc. (NYSE:SPGI) by 14.7% during the second quarter, HoldingsChannel.com reports. The firm owned 115,547 shares of the business services provider’s stock after selling 19,865 shares during the quarter. Man Group plc’s holdings in S&P Global were worth $47,058,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jupiter Topco LLC acquired a new position in shares of S&P Global during the 2nd quarter valued at $113,189,000. ABS Investment Management LLC acquired a new position in shares of S&P Global during the second quarter worth about $166,000. Ancora Advisors LLC grew its stake in shares of S&P Global by 65.6% in the second quarter. Ancora Advisors LLC now owns 3,319 shares of the business services provider’s stock valued at $1,352,000 after buying an additional 1,315 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of S&P Global by 11.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 565,377 shares of the business services provider’s stock valued at $230,255,000 after buying an additional 57,212 shares during the period. Finally, Kapitalo Investimentos Ltda lifted its position in S&P Global by 3,563.8% during the 2nd quarter. Kapitalo Investimentos Ltda now owns 27,295 shares of the business services provider’s stock worth $10,907,000 after acquiring an additional 26,550 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI opened at $436.93 on Thursday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $554.56. The stock has a market capitalization of $128.81 billion, a P/E ratio of 26.67, a P/E/G ratio of 1.95 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50 day moving average is $423.45 and its 200-day moving average is $424.18.

S&P Global (NYSE:SPGI) last issued its quarterly 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. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the business posted $4.43 EPS. S&P Global’s 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. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s payout ratio is 23.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of S&P Global to a “hold” rating in a research report on Saturday, July 4th. BMO Capital Markets raised their target price on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Robert W. Baird lowered their price objective on S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $510.00 target price on shares of S&P Global in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently 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.