London Stock Exchange Group (LSEG) reported a good third-quarter trading update with slightly better growth in its data and analytics division. They increased their share buyback program by GBP 1 billion to capitalize on their depressed share price. LSEG expects pricing increases to result in a 3.5% effective yield through 2026, dispelling pricing competition concerns. Annual subscription value grew 5.6% and is expected to accelerate in the fourth quarter. LSEG maintains a fair value estimate of GBX 11,200 per share and remains undervalued despite positive reactions to the update. Their wide moat rating and Exemplary Morningstar Capital Allocation Rating are unchanged.

Read more at Morningstar: London Stock Exchange Group: Data and Analytics Growth and Additional Share Buyback Positive