Livforsakringsbolaget Skandia Omsesidigt Makes New Investment in S&P Global Inc. $SPGI

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,050 shares of the business services provider’s stock, valued at approximately $834,000.

Other hedge funds have also recently modified their holdings of the company. Dorsey Asset Management LLC purchased a new position in shares of S&P Global during the 1st quarter worth $94,716,000. Troy Asset Management Ltd raised its holdings in S&P Global by 26.2% in the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after buying an additional 8,652 shares during the period. Capital International Inc. CA raised its holdings in S&P Global by 11.6% in the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after buying an additional 7,343 shares during the period. ABN Amro Investment Solutions lifted its position in S&P Global by 6.3% in the fourth quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock valued at $79,060,000 after buying an additional 8,997 shares during the last quarter. Finally, Rit Capital Partners PLC acquired a new position in S&P Global in the fourth quarter valued at about $44,160,000. 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 $442.62 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 52-week low of $381.61 and a 52-week high of $552.25. The firm has a market cap of $130.48 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 1.99 and a beta of 1.07. The company’s 50 day moving average is $424.57 and its two-hundred day moving average is $424.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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 business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the business posted $4.43 EPS. The business’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 firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid 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 payout ratio is presently 23.69%.

Analysts Set New Price Targets

SPGI has been the subject of a number of recent analyst reports. 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. Bank of America decreased their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Rothschild & Co Redburn dropped 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 report on Thursday, June 18th. Finally, JPMorgan Chase & Co. decreased their price target on S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.