Principal Financial Group Inc. Raises Position in S&P Global Inc. $SPGI

Principal Financial Group Inc. grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 12.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 572,659 shares of the business services provider’s stock after acquiring an additional 65,529 shares during the period. Principal Financial Group Inc.’s holdings in S&P Global were worth $233,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares during the period. Sivia Capital Partners LLC grew its holdings in S&P Global by 7.8% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after purchasing an additional 75 shares during the period. Neuberger Berman Group LLC grew its holdings in S&P Global by 5.5% during the second quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock valued at $893,511,000 after purchasing an additional 88,526 shares during the period. Jump Financial LLC purchased a new stake in S&P Global in the second quarter worth about $552,000. Finally, Main Street Financial Solutions LLC increased its position in S&P Global by 17.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock worth $1,694,000 after buying an additional 472 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

NYSE SPGI opened at $418.15 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $565.28. The business has a 50-day moving average price of $422.53 and a 200-day moving average price of $429.14. The firm has a market cap of $123.27 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.90 and a beta of 1.07.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (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 company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the company earned $4.43 EPS. The firm’s quarterly revenue 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. As a group, equities research analysts predict that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. 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 presently 23.69%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SPGI shares. Morgan Stanley lowered their price objective on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Jefferies Financial Group increased their target price on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Citigroup raised their target price on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada lowered their price target on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a report on Tuesday, July 7th. Finally, Barclays dropped their price target on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $523.59.

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.