OMERS ADMINISTRATION Corp Has $44.18 Million Stake in S&P Global Inc. $SPGI

OMERS ADMINISTRATION Corp lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 68.2% during the second quarter, Holdings Channel reports. The institutional investor owned 108,486 shares of the business services provider’s stock after selling 232,761 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in S&P Global were worth $44,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rehmann Capital Advisory Group raised its stake in shares of S&P Global by 1.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock valued at $937,000 after buying an additional 22 shares in the last quarter. Washington Trust Bank increased its stake in S&P Global by 1.2% in the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock valued at $987,000 after acquiring an additional 23 shares during the period. Hibernia Wealth Partners LLC increased its stake in S&P Global by 3.3% in the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 24 shares during the period. Conestoga Capital Advisors LLC raised its position in S&P Global by 1.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock worth $795,000 after purchasing an additional 25 shares in the last quarter. Finally, Chapin Davis Inc. raised its position in S&P Global by 1.9% in the fourth quarter. Chapin Davis Inc. now owns 1,389 shares of the business services provider’s stock worth $726,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several analyst reports. Stifel Nicolaus upped their price objective on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Mizuho upped their price target on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Rothschild & Co Redburn dropped their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Wall Street Zen raised S&P Global to a “hold” rating in a report on Saturday, July 4th. Finally, Bank of America reduced their target price 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Trading Down 0.0%

SPGI stock opened at $431.10 on Monday. The business has a fifty day moving average price of $422.87 and a 200 day moving average price 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. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $559.44. The stock has a market capitalization of $127.09 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 1.94 and a beta of 1.07.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 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 company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm earned $4.43 earnings per share. The business’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. Analysts expect that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued 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 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.