Farringdon Capital Ltd. Acquires Shares of 9,257 S&P Global Inc. $SPGI

Farringdon Capital Ltd. bought a new position in S&P Global Inc. (NYSE:SPGI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,257 shares of the business services provider’s stock, valued at approximately $3,770,000. S&P Global makes up about 1.9% of Farringdon Capital Ltd.’s holdings, making the stock its 14th biggest holding.

A number of other institutional investors also recently modified their holdings of SPGI. Joseph Group Capital Management purchased a new stake in shares of S&P Global during the fourth quarter worth $29,000. North Star Investment Management Corp. grew its stake in 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 valued at $32,000 after purchasing an additional 35 shares in the last quarter. Palladiem LLC purchased a new position in S&P Global in the fourth quarter valued at about $36,000. Palisade Asset Management LLC acquired a new position in S&P Global in the 3rd quarter worth about $36,000. Finally, Swiss RE Ltd. purchased a new stake in shares of S&P Global during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $431.10 on Friday. The stock has a market capitalization 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. The business has a 50-day moving average of $422.87 and a two-hundred day moving average of $425.46. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week 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 quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating 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 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 firm posted $4.43 EPS. The firm’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. On average, equities research analysts predict that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is 23.69%.

Analysts Set New Price Targets

Several equities research analysts recently commented on SPGI shares. Morgan Stanley lowered their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. BMO Capital Markets raised their price objective on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Daiwa Securities Group reduced their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Barclays decreased their target price on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada dropped their price target 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. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.