49,588 Shares in S&P Global Inc. $SPGI Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. bought a new position in S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 49,588 shares of the business services provider’s stock, valued at approximately $20,260,000.

Other institutional investors have also recently modified their holdings of the company. Rehmann Capital Advisory Group boosted its position in shares of S&P Global by 1.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock worth $937,000 after purchasing an additional 22 shares in the last quarter. Washington Trust Bank increased its stake in shares of S&P Global by 1.2% during the 4th quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock worth $987,000 after purchasing an additional 23 shares in the last quarter. Hibernia Wealth Partners LLC raised its holdings in shares of 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 worth $321,000 after acquiring an additional 24 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in S&P Global by 1.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock valued at $795,000 after purchasing an additional 25 shares during the last quarter. Finally, Prestige Wealth Management Group LLC lifted its stake in shares of S&P Global by 2.8% during the fourth quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider’s stock valued at $494,000 after buying an additional 26 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Up 1.7%

NYSE SPGI opened at $442.62 on Friday. The company has a market capitalization of $130.48 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. 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 12 month low of $381.61 and a 12 month high of $552.25. The company’s fifty day moving average price is $424.57 and its two-hundred day moving average price is $424.29.

S&P Global (NYSE:SPGI) last released its earnings results 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. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed 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. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s payout ratio is currently 23.69%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Stifel Nicolaus upped 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 report on Friday, July 17th. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Morgan Stanley lowered their target price on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Finally, Citigroup boosted their price target on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

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.