S&P Global Inc. $SPGI Shares Bought by Peak Asset Management LLC

Peak Asset Management LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,640 shares of the business services provider’s stock after buying an additional 1,458 shares during the period. S&P Global makes up approximately 2.4% of Peak Asset Management LLC’s portfolio, making the stock its 14th largest position. Peak Asset Management LLC’s holdings in S&P Global were worth $16,551,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new position in S&P Global in the fourth quarter worth approximately $29,000. North Star Investment Management Corp. grew its holdings in shares of 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 acquired a new stake in shares of S&P Global during the 4th quarter worth about $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global in the 3rd quarter valued at about $36,000. Finally, Swiss RE Ltd. purchased a new stake in S&P Global in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $435.38 on Tuesday. 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 52-week low of $381.61 and a 52-week high of $557.06. The firm has a market cap of $128.35 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07. The company’s 50 day moving average is $423.08 and its two-hundred day moving average is $424.51.

S&P Global (NYSE:SPGI) last posted 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. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm posted $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. On average, research analysts expect that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Ratings Changes

SPGI has been the subject of several research analyst reports. Citigroup increased 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. Barclays dropped their target price on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Rothschild & Co Redburn decreased their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Mizuho lifted their price objective on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, Daiwa Securities Group cut their price objective on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Eighteen investment 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

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.