Lombard Odier Asset Management Europe Ltd Invests $18.36 Million in S&P Global Inc. $SPGI

Lombard Odier Asset Management Europe Ltd purchased a new position in S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 45,085 shares of the business services provider’s stock, valued at approximately $18,361,000.

Other large investors also recently bought and sold shares of the company. State Street Corp grew its stake in shares of S&P Global by 1.1% in the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after buying an additional 157,301 shares during the last quarter. TCI Fund Management Ltd. increased its position in S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after buying an additional 600,440 shares in the last quarter. Morgan Stanley raised its stake in S&P Global by 3.3% during the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock valued at $4,354,796,000 after buying an additional 263,051 shares during the last quarter. Norges Bank purchased a new position in S&P Global during the fourth quarter valued at $2,398,991,000. Finally, Capital International Investors boosted its holdings in S&P Global by 43.6% in the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after acquiring an additional 922,433 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

SPGI stock opened at $442.62 on Friday. The stock has a market capitalization of $130.48 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $552.25. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $424.57 and its 200 day simple moving average is $424.29.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate of $4.81 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.97 per share. 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 dividend payout ratio (DPR) is 23.69%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPGI. The Goldman Sachs Group cut their target price on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. UBS Group lowered their price target on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Morgan Stanley dropped their price target on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Citigroup increased their price objective on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Mizuho raised their price objective on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently 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.