Public Employees Retirement System of Ohio Makes New Investment in S&P Global Inc. $SPGI

Public Employees Retirement System of Ohio bought a new position in S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, HoldingsChannel reports. The fund bought 112,651 shares of the business services provider’s stock, valued at approximately $45,878,000.

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

S&P Global Stock Performance

Shares of S&P Global stock opened at $435.73 on Friday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $552.25. 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 stock has a market cap of $128.45 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The business has a fifty day simple moving average of $423.94 and a 200-day simple moving average of $424.16.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating 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 company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the company earned $4.43 EPS. The firm’s quarterly revenue 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, sell-side analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced 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. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is 23.69%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday, July 4th. Citigroup increased their price objective on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Morgan Stanley cut their price objective on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. BMO Capital Markets boosted their target price on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Finally, Zacks Research lowered shares of S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average 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.