OVERSEA CHINESE BANKING Corp Ltd Buys 12,158 Shares of S&P Global Inc. $SPGI

OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 125.5% in the fourth quarter, Holdings Channel reports. The fund owned 21,848 shares of the business services provider’s stock after acquiring an additional 12,158 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in S&P Global were worth $11,419,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. J.Safra Asset Management Corp bought a new position in shares of S&P Global during the 3rd quarter valued at approximately $29,000. First Pacific Financial grew its position in shares of S&P Global by 51.0% during the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 25 shares during the period. Palisade Asset Management LLC bought a new position in shares of S&P Global during the 3rd quarter valued at approximately $36,000. Ameriflex Group Inc. grew its position in shares of S&P Global by 171.4% during the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 48 shares during the period. Finally, TruNorth Capital Management LLC grew its position in shares of S&P Global by 937.5% during the 3rd quarter. TruNorth Capital Management LLC now owns 83 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 75 shares during the period. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPGI. BMO Capital Markets increased their target price on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Bank of America initiated coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 target price for the company. Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Mizuho dropped their price target on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada dropped their price target on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $558.47.

S&P Global Stock Performance

Shares of SPGI stock opened at $444.52 on Wednesday. The stock has a market capitalization of $134.89 billion, a P/E ratio of 30.34, a PEG ratio of 1.99 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average is $426.27 and its 200 day moving average is $475.49. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, sell-side analysts anticipate that S&P Global Inc. will post 19.51 earnings per share for the current year.

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.