South Dakota Investment Council Takes Position in S&P Global Inc. $SPGI

South Dakota Investment Council acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,320 shares of the business services provider’s stock, valued at approximately $561,000.

A number of other hedge funds have also modified their holdings of SPGI. EverSource Wealth Advisors LLC increased its stake in S&P Global by 86.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,877 shares of the business services provider’s stock worth $1,224,000 after purchasing an additional 1,335 shares in the last quarter. EdgePoint Investment Group Inc. purchased a new stake in S&P Global during the first quarter valued at about $702,911,000. Empowered Funds LLC lifted its stake in S&P Global by 28.9% during the first quarter. Empowered Funds LLC now owns 33,795 shares of the business services provider’s stock valued at $14,374,000 after buying an additional 7,580 shares in the last quarter. Evelyn Partners Investment Management Services Ltd boosted its holdings in shares of S&P Global by 1.6% in the first quarter. Evelyn Partners Investment Management Services Ltd now owns 15,919 shares of the business services provider’s stock worth $6,771,000 after buying an additional 247 shares during the period. Finally, Socorro Asset Management LP acquired a new position in shares of S&P Global in the first quarter worth about $5,170,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI opened at $412.24 on Friday. The stock has a market cap of $121.53 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.21 and a beta of 1.08. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $423.91 and a 200 day moving average price of $438.02.

S&P Global (NYSE:SPGI) last issued its earnings results 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 analyst estimates of $4.09 billion. During the same period in the prior year, the firm posted $4.43 EPS. The business’s 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. Analysts forecast that S&P Global Inc. will post 17.74 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s payout ratio is presently 23.69%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several analyst reports. BMO Capital Markets lifted their target price on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Wells Fargo & Company reduced their price target on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada lowered their price objective on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Jefferies Financial Group lifted their price objective on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded S&P Global to a “hold” rating in a report on Saturday, July 4th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

Key S&P Global News

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Wells Fargo issued a Buy rating on S&P Global, adding to the bullish case for the stock. Wells Fargo Releases a Buy Rating on S&P Global
• Positive Sentiment: Citigroup said S&P Global’s stock price is expected to rise, providing a positive counterpoint to the more cautious views from other analysts. Citigroup Analyst Says S&P Global Stock Price Expected to Rise
• Positive Sentiment: S&P Global agreed to acquire a stake in African ratings firm Agusto, expanding its presence in a developing credit-markets region and potentially supporting long-term growth. S&P Global Buys Into African Ratings With Agusto Deal
• Positive Sentiment: An investment analysis described the recent selloff as a potential buying opportunity, arguing that the company’s long-term fundamentals remain attractive. S&P Global: Why This Selloff Is a Rare Buying Opportunity
• Neutral Sentiment: Analysts remain divided on S&P Global, with bullish ratings offset by concerns about valuation and earnings estimates. Analysts Conflicted on S&P Global
• Neutral Sentiment: S&P Global underperformed some industry peers in the latest trading session, indicating weaker near-term market momentum. S&P Global Stock Underperforms Competitors
• Negative Sentiment: Robert W. Baird issued a pessimistic forecast for S&P Global’s stock price, adding pressure to the shares. Robert W. Baird Issues Pessimistic Forecast
• Negative Sentiment: JPMorgan Chase also issued a cautious stock-price forecast, reinforcing concerns about limited upside. JPMorgan Issues Pessimistic Forecast
• Negative Sentiment: Erste Group Bank reduced its FY2027 earnings-per-share forecast, signaling expectations for slower future profit growth. Erste Group Bank Cuts S&P Global FY2027 EPS Forecast
• Negative Sentiment: One valuation analysis called the stock slightly overvalued even after its substantial decline, which may discourage near-term buyers. S&P Global Stock Looks Slightly Overvalued

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.