Massachusetts Financial Services Co. MA Sells 9,528 Shares of S&P Global Inc. $SPGI

Massachusetts Financial Services Co. MA lessened its stake in S&P Global Inc. (NYSE:SPGI) by 4.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 229,364 shares of the business services provider’s stock after selling 9,528 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.08% of S&P Global worth $92,977,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in S&P Global in the 4th quarter valued at $2,398,991,000. EdgePoint Investment Group Inc. bought a new position in shares of S&P Global during the 1st quarter valued at about $702,911,000. Cardano Risk Management B.V. boosted its holdings in shares of S&P Global by 858.3% during the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock valued at $919,879,000 after purchasing an additional 1,576,544 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of S&P Global by 2,256.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock valued at $755,996,000 after purchasing an additional 1,385,249 shares in the last quarter. Finally, Soroban Capital Partners LP grew its position in shares of S&P Global by 260.3% during 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 in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research reports. Morgan Stanley reduced their target price on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Robert W. Baird dropped their price target 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. Jefferies Financial Group raised their price target on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. BMO Capital Markets lifted their price objective 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. Finally, JPMorgan Chase & Co. decreased their price objective on S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Trading Down 1.1%

Shares of SPGI opened at $418.15 on Friday. The company’s fifty day simple moving average is $422.53 and its 200-day simple moving average is $429.14. The company has a market cap of $123.27 billion, a P/E ratio of 25.53, a P/E/G ratio of 1.90 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $565.28.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, analysts expect that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. 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 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.