S&P Global Inc. $SPGI Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 24.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,476 shares of the business services provider’s stock after selling 3,300 shares during the period. E. Ohman J or Asset Management AB’s holdings in S&P Global were worth $4,035,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank acquired a new stake in S&P Global during the fourth quarter worth about $2,398,991,000. EdgePoint Investment Group Inc. purchased a new position in S&P Global during the first quarter valued at approximately $702,911,000. Cardano Risk Management B.V. lifted its holdings in S&P Global by 858.3% in the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock valued at $919,879,000 after acquiring an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in S&P Global by 2,256.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock valued at $755,996,000 after acquiring an additional 1,385,249 shares during the period. Finally, Soroban Capital Partners LP boosted its position in S&P Global by 260.3% in the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after purchasing an additional 1,219,990 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.5%

Shares of SPGI stock opened at $410.22 on Tuesday. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The company has a market cap of $120.93 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.84 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a 50 day simple moving average of $422.83 and a 200-day simple moving average of $431.77.

S&P Global (NYSE:SPGI) last issued its quarterly 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. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities research analysts expect that S&P Global Inc. will post 17.74 EPS for the current fiscal year.

S&P Global Announces Dividend

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 given a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 23.69%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of analyst reports. Royal Bank Of Canada dropped 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 note on Tuesday, July 7th. Rothschild & Co Redburn decreased their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Barclays lowered their price target on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Evercore dropped their price target on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Finally, Bank of America cut their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $523.59.

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.