KBC Group NV Lowers Stock Holdings in S&P Global Inc. $SPGI

KBC Group NV reduced its position in S&P Global Inc. (NYSE:SPGI) by 7.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,123 shares of the business services provider’s stock after selling 15,192 shares during the quarter. KBC Group NV’s holdings in S&P Global were worth $77,022,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Joseph Group Capital Management bought a new position in S&P Global in the 4th quarter valued at $29,000. North Star Investment Management Corp. increased its holdings in shares of S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares during the period. Palisade Asset Management LLC purchased a new stake in shares of S&P Global in the third quarter worth $36,000. Palladiem LLC purchased a new stake in shares of S&P Global in the fourth quarter worth $36,000. Finally, Swiss RE Ltd. bought a new stake in S&P Global during the fourth quarter valued at $39,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock opened at $418.15 on Friday. The firm has a market capitalization of $123.27 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.88 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 12 month low of $381.61 and a 12 month high of $565.28. The business’s 50-day moving average price is $422.53 and its 200-day moving average price is $429.14.

S&P Global (NYSE:SPGI) last released its 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. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.S&P Global’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Sell-side analysts forecast that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s payout ratio is presently 23.69%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SPGI shares. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Robert W. Baird cut their price objective on S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Jefferies Financial Group upped their price objective on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Royal Bank Of Canada lowered their target price on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. Finally, Bank of America dropped their target price on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Company 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.