Stoneridge Investment Partners LLC Buys Shares of 1,378 S&P Global Inc. $SPGI

Stoneridge Investment Partners LLC bought a new stake in S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,378 shares of the business services provider’s stock, valued at approximately $568,000.

Other institutional investors have also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $29,000. North Star Investment Management Corp. lifted its holdings in S&P Global by 134.6% in 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 in the last quarter. Palladiem LLC purchased a new position in S&P Global in the 4th quarter valued at $36,000. Palisade Asset Management LLC acquired a new stake in S&P Global during the 3rd quarter worth $36,000. Finally, Swiss RE Ltd. acquired a new stake in S&P Global during the 4th quarter worth $39,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 0.2%

Shares of NYSE:SPGI opened at $418.15 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $422.53 and a two-hundred day moving average of $428.39. The stock has a market cap of $123.27 billion, a P/E ratio of 25.53, a PEG ratio of 1.88 and a beta of 1.07. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $565.28.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.09 billion. During the same period last year, the company earned $4.43 EPS. The company’s revenue for the quarter 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, research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.97 dividend. 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 is currently 23.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Mizuho upped their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Morgan Stanley decreased 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. Daiwa Securities Group lowered their price target on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Stifel Nicolaus upped their price objective on shares of S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Rothschild & Co Redburn cut their price objective 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. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.