S&P Global Inc. $SPGI Shares Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its position in S&P Global Inc. (NYSE:SPGI) by 34.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,188 shares of the business services provider’s stock after purchasing an additional 5,731 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in S&P Global were worth $9,036,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on SPGI. JPMorgan Chase & Co. lowered their target price on S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Stifel Nicolaus boosted their price target on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Wall Street Zen upgraded S&P Global to a “hold” rating in a research report on Saturday, July 4th. Royal Bank Of Canada dropped their price objective on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Finally, Bank of America reduced their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Stock Down 0.0%

SPGI opened at $431.10 on Monday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $559.44. The business has a 50-day moving average of $422.87 and a two-hundred day moving average of $424.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $127.09 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the firm posted $4.43 EPS. The company’s 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, 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 business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 23.69%.

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.