Royal London Asset Management Ltd. Raises Holdings in S&P Global Inc. $SPGI

Royal London Asset Management Ltd. lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 21.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 304,801 shares of the business services provider’s stock after acquiring an additional 54,203 shares during the quarter. Royal London Asset Management Ltd.’s holdings in S&P Global were worth $117,412,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dorsey Asset Management LLC purchased a new position in shares of S&P Global in the 1st quarter valued at about $94,716,000. Troy Asset Management Ltd raised its holdings in S&P Global by 26.2% during the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock worth $21,795,000 after purchasing an additional 8,652 shares during the last quarter. Capital International Inc. CA boosted its position in S&P Global by 11.6% during the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock worth $36,955,000 after purchasing an additional 7,343 shares in the last quarter. ABN Amro Investment Solutions grew its holdings in S&P Global by 6.3% in the fourth quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock valued at $79,060,000 after purchasing an additional 8,997 shares during the last quarter. Finally, Danske Bank A S increased its position in shares of S&P Global by 8.9% in the fourth quarter. Danske Bank A S now owns 225,778 shares of the business services provider’s stock valued at $117,989,000 after buying an additional 18,465 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Rothschild & Co Redburn reduced their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Bank of America cut their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Daiwa Securities Group cut their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Stifel Nicolaus raised their price target on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group cut their price objective on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Trading Up 1.7%

Shares of SPGI stock opened at $442.62 on Friday. The firm’s 50-day simple moving average is $424.57 and its 200-day simple moving average is $424.29. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25. The firm has a market cap of $130.48 billion, a P/E ratio of 27.02, a PEG ratio of 1.96 and a beta of 1.07.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. S&P Global’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 17.75 EPS for the current 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. The ex-dividend date 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 presently 23.69%.

S&P Global Company 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.