Odyssean LLC Invests $706,000 in S&P Global Inc. $SPGI

Odyssean LLC bought a new position in S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,734 shares of the business services provider’s stock, valued at approximately $706,000.

Other hedge funds have also modified their holdings of the company. Rehmann Capital Advisory Group raised its holdings in S&P Global by 1.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock worth $937,000 after buying an additional 22 shares during the period. Washington Trust Bank lifted its stake in S&P Global by 1.2% during the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock valued at $987,000 after buying an additional 23 shares in the last quarter. Hibernia Wealth Partners LLC boosted its holdings in shares of S&P Global by 3.3% in the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after buying an additional 24 shares during the period. Prestige Wealth Management Group LLC boosted its holdings in shares of S&P Global by 2.8% in the fourth quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider’s stock worth $494,000 after buying an additional 26 shares during the period. Finally, Legacy Wealth Asset Management LLC increased its position in shares of S&P Global by 1.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 2,272 shares of the business services provider’s stock worth $925,000 after acquiring an additional 26 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Robert W. Baird set a $513.00 price objective on shares of S&P Global in a research note on Wednesday. Barclays lowered their price objective on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a research note on Saturday. Finally, Citigroup increased their target price on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Price Performance

Shares of SPGI opened at $443.30 on Friday. The firm has a market cap of $130.68 billion, a PE ratio of 27.06, a PEG ratio of 2.17 and a beta of 1.07. The firm’s 50 day moving average price is $428.30 and its 200 day moving average price is $425.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25.

S&P Global (NYSE:SPGI) last posted its 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. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts expect 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 given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is presently 23.69%.

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.