OVERSEA CHINESE BANKING Corp Ltd trimmed its position in S&P Global Inc. (NYSE:SPGI – Free Report) by 46.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,560 shares of the business services provider’s stock after selling 6,496 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in S&P Global were worth $3,076,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Joseph Group Capital Management purchased a new position in shares of S&P Global in the fourth quarter worth approximately $29,000. North Star Investment Management Corp. increased its holdings 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 buying an additional 35 shares during the last quarter. Palladiem LLC bought a new position in S&P Global in the fourth quarter worth approximately $36,000. Palisade Asset Management LLC bought a new position in S&P Global in the third quarter worth approximately $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global in the fourth quarter worth approximately $39,000. 87.17% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on SPGI. Robert W. Baird cut their price objective on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Bank of America decreased their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Jefferies Financial Group lifted their target price on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Mizuho boosted their price target on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, Stifel Nicolaus upped their price target on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $523.59.
S&P Global Trading Up 1.2%
SPGI stock opened at $431.70 on Friday. 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 Inc. has a 1-year low of $381.61 and a 1-year high of $559.44. The business has a 50 day simple moving average of $422.64 and a two-hundred day simple moving average of $425.42. The company has a market capitalization of $127.27 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.92 and a beta of 1.07.
S&P Global (NYSE:SPGI – Get Free Report) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm earned $4.43 earnings per share. 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 anticipate 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 $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s payout ratio is currently 23.69%.
About S&P Global
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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