Corient Private Wealth LP Sells 77,488 Shares of S&P Global Inc. $SPGI

Corient Private Wealth LP reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 18.4% in the second quarter, HoldingsChannel.com reports. The firm owned 342,677 shares of the business services provider’s stock after selling 77,488 shares during the period. Corient Private Wealth LP’s holdings in S&P Global were worth $139,559,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Joseph Group Capital Management bought a new stake in S&P Global in the fourth quarter valued at $29,000. North Star Investment Management Corp. increased its position in 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 valued at $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC bought a new position in S&P Global in the 4th quarter worth $36,000. Pingora Partners LLC bought a new position in S&P Global in the 2nd quarter worth $29,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of S&P Global in the 3rd quarter worth about $36,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Up 0.9%

NYSE:SPGI opened at $436.93 on Thursday. The firm’s 50-day moving average price is $423.45 and its 200-day moving average price is $424.18. The company has a market capitalization of $128.81 billion, a PE ratio of 26.67, a P/E/G ratio of 1.95 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. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $554.56.

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

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 23.69%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. Zacks Research cut shares of S&P Global from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th. Daiwa Securities Group lowered their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Bank of America cut their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Mizuho upped their target price on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, BMO Capital Markets increased their target price on S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, S&P Global currently 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.