S&P Global Inc. $SPGI Stake Raised by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 275,231 shares of the business services provider’s stock after buying an additional 16,909 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in S&P Global were worth $143,833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Norges Bank acquired a new stake in S&P Global during the 4th quarter worth about $2,398,991,000. Northwestern Mutual Wealth Management Co. increased its holdings in S&P Global by 353.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 488,185 shares of the business services provider’s stock worth $255,121,000 after buying an additional 380,603 shares during the last quarter. Credit Agricole S A acquired a new position in S&P Global in the third quarter worth approximately $180,503,000. Holocene Advisors LP increased its holdings in S&P Global by 79.8% in the third quarter. Holocene Advisors LP now owns 766,043 shares of the business services provider’s stock worth $372,841,000 after buying an additional 339,947 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in S&P Global by 4.6% in the third quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock worth $3,033,003,000 after buying an additional 274,285 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on SPGI. Mizuho upped their target price on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Evercore reduced their price objective on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Weiss Ratings cut S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Daiwa Securities Group reduced their price objective on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Morgan Stanley increased their price objective on S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Seventeen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $546.39.

Insider Buying and Selling

In other news, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the transaction, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of S&P Global stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the transaction, the director owned 1,152 shares of the company’s stock, valued at $500,002.56. This trade represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 5,974 shares of company stock valued at $2,576,775 over the last ninety days. 0.03% of the stock is owned by company insiders.

S&P Global Stock Up 1.5%

SPGI opened at $423.86 on Friday. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $125.46 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 1.81 and a beta of 1.11. The business has a 50 day moving average of $424.42 and a 200-day moving average of $464.04.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the business earned $4.37 earnings per share. S&P Global’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 29th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, May 29th. S&P Global’s dividend payout ratio (DPR) is 24.56%.

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.