Lombard Odier Asset Management Europe Ltd Acquires New Holdings in S&P Global Inc. $SPGI

Lombard Odier Asset Management Europe Ltd bought a new position in S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 45,085 shares of the business services provider’s stock, valued at approximately $18,361,000.

Other large investors have also added to or reduced their stakes in the company. Pingora Partners LLC bought a new position in shares of S&P Global during the 2nd quarter valued at $29,000. North Star Investment Management Corp. grew its holdings 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 worth $32,000 after acquiring an additional 35 shares during the period. Palisade Asset Management LLC bought a new stake in shares of S&P Global in the third quarter worth $36,000. Palladiem LLC purchased a new stake in S&P Global during the fourth quarter valued at $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global in the fourth quarter valued at about $39,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Rothschild & Co Redburn cut their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Citigroup raised 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. Robert W. Baird cut their target price on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of S&P Global to a “hold” rating in a report on Saturday, July 4th. Eighteen investment 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’s stock. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Price Performance

NYSE SPGI opened at $442.62 on Friday. The business’s fifty day moving average is $424.57 and its 200 day moving average is $424.29. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $552.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $130.48 billion, a PE ratio of 27.02, a price-to-earnings-growth 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 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 business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the business posted $4.43 earnings per share. The business’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. Sell-side analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s payout ratio is 23.69%.

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.