S&P Global Inc. $SPGI Shares Sold by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan cut its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 37.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,472 shares of the business services provider’s stock after selling 60,992 shares during the period. Nissay Asset Management Corp Japan’s holdings in S&P Global were worth $41,325,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SPGI. North Star Investment Management Corp. boosted its stake in S&P Global by 134.6% during the 4th 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. Palladiem LLC purchased a new position in S&P Global during the 4th quarter worth $36,000. Pingora Partners LLC acquired a new position in S&P Global in the second quarter valued at $29,000. Palisade Asset Management LLC acquired a new position in S&P Global in the third quarter valued at $36,000. Finally, Swiss RE Ltd. purchased a new stake in shares of S&P Global in the fourth quarter valued at about $39,000. 87.17% of the stock is owned by institutional investors and hedge funds.

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S&P Global Stock Performance

NYSE SPGI opened at $442.62 on Friday. The stock has a market capitalization of $130.48 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 1.96 and a beta of 1.07. The business’s 50 day moving average is $424.57 and its two-hundred day moving average is $424.29. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $552.25. 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 (NYSE:SPGI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating 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 business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the firm earned $4.43 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Research analysts expect that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

SPGI has been the subject of several recent research reports. UBS Group decreased their target price on shares of 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. Stifel Nicolaus boosted their price target on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Wall Street Zen raised S&P Global to a “hold” rating in a research note on Saturday, July 4th. JPMorgan Chase & Co. decreased their price objective on S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Finally, Zacks Research downgraded S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $523.59.

Check Out Our Latest Report on S&P Global

About S&P Global

(Free Report)

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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