Okabena Investment Services Inc. boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 157.9% during the 2nd quarter, Holdings Channel reports. The firm owned 5,419 shares of the business services provider’s stock after buying an additional 3,318 shares during the period. Okabena Investment Services Inc.’s holdings in S&P Global were worth $2,207,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in SPGI. Joseph Group Capital Management purchased a new position in shares of S&P Global in the fourth quarter worth $29,000. North Star Investment Management Corp. grew its stake in S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 35 shares in the last quarter. Palladiem LLC bought a new stake in S&P Global in the 4th quarter valued at $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global in the 3rd quarter worth $36,000. Finally, Swiss RE Ltd. purchased a new stake in S&P Global in the 4th quarter worth $39,000. 87.17% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have commented on SPGI shares. The Goldman Sachs Group dropped their price objective on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. JPMorgan Chase & Co. decreased their target price on S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. UBS Group dropped their price target on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Royal Bank Of Canada cut their price target on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Finally, Rothschild & Co Redburn reduced their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.
S&P Global Stock Performance
S&P Global stock opened at $418.15 on Friday. The company’s 50-day moving average price is $422.53 and its 200-day moving average price is $429.14. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The company has a market cap of $123.27 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.90 and a beta of 1.07. 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 – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the firm posted $4.43 earnings per share. 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 forecast that S&P Global Inc. will post 17.75 EPS for the current fiscal year.
S&P Global Dividend Announcement
The business also recently announced 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. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s payout ratio is 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.
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