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

Man Group plc lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 14.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rehmann Capital Advisory Group raised its position in S&P Global by 1.2% in the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock worth $937,000 after acquiring an additional 22 shares in the last quarter. Washington Trust Bank lifted its stake in shares of S&P Global by 1.2% in the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock valued at $987,000 after purchasing an additional 23 shares during the period. Hibernia Wealth Partners LLC boosted its holdings in S&P Global by 3.3% during the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after buying an additional 24 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in S&P Global by 1.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock worth $795,000 after buying an additional 25 shares during the period. Finally, Chapin Davis Inc. lifted its position in shares of S&P Global by 1.9% during the 4th quarter. Chapin Davis Inc. now owns 1,389 shares of the business services provider’s stock valued at $726,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SPGI shares. Citigroup upped their price target on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Zacks Research cut S&P Global from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Daiwa Securities Group lowered their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. The Goldman Sachs Group cut their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, Barclays lowered their price target on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research 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 company. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Price Performance

S&P Global stock opened at $436.93 on Thursday. 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. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $554.56. 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 two-hundred day moving average is $424.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.81 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently declared 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. 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 presently 23.69%.

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.