Mitsubishi UFJ Asset Management Co. Ltd. Decreases Position in S&P Global Inc. $SPGI

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,006,014 shares of the business services provider’s stock after selling 35,870 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.68% of S&P Global worth $816,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Joseph Group Capital Management purchased a new stake in S&P Global in the fourth quarter valued at about $29,000. North Star Investment Management Corp. grew its stake in shares of S&P Global by 134.6% during 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 last quarter. Palladiem LLC purchased a new stake in shares of S&P Global during the fourth quarter worth about $36,000. Palisade Asset Management LLC purchased a new stake in shares of S&P Global during the third quarter worth about $36,000. Finally, Swiss RE Ltd. acquired a new position in shares of S&P Global during the fourth quarter valued at about $39,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on SPGI shares. Barclays decreased their price objective on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Robert W. Baird cut their price target on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Mizuho upped their price target on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group decreased their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research note on Saturday, July 4th. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Trading Down 0.2%

Shares of NYSE:SPGI opened at $418.15 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $565.28. The stock has a market cap of $123.27 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 1.88 and a beta of 1.07. The business has a 50-day moving average price of $422.53 and a 200-day moving average price of $428.39.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating 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 firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the firm earned $4.43 earnings per share. S&P Global’s revenue for the quarter 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. Equities analysts predict that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

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