Peak Asset Management LLC Raises Stake in S&P Global Inc. $SPGI

Peak Asset Management LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 3.7% during the second quarter, HoldingsChannel reports. The firm owned 40,640 shares of the business services provider’s stock after buying an additional 1,458 shares during the quarter. S&P Global accounts for 2.4% of Peak Asset Management LLC’s holdings, making the stock its 14th biggest position. Peak Asset Management LLC’s holdings in S&P Global were worth $16,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Dorsey Asset Management LLC acquired a new position in shares of S&P Global during the 1st quarter worth about $94,716,000. Troy Asset Management Ltd boosted its holdings in S&P Global by 26.2% in the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after purchasing an additional 8,652 shares in the last quarter. Capital International Inc. CA increased its stake in S&P Global by 11.6% in the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after purchasing an additional 7,343 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in S&P Global by 6.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider’s stock worth $107,480,000 after purchasing an additional 11,843 shares in the last quarter. Finally, ABN Amro Investment Solutions raised its holdings in S&P Global by 6.3% during the fourth quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock worth $79,060,000 after purchasing an additional 8,997 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $435.38 on Tuesday. S&P Global Inc. has a one year low of $381.61 and a one year high of $557.06. The stock has a market capitalization of $128.35 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 1.94 and a beta of 1.07. The company has a 50-day simple moving average of $423.08 and a 200-day simple moving average of $424.51. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, analysts predict that S&P Global Inc. will post 17.75 EPS for the current 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 given 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%.

Analysts Set New Price Targets

SPGI has been the topic of several research analyst reports. 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. Royal Bank Of Canada decreased their price objective on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Bank of America dropped their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Citigroup boosted their target price on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Morgan Stanley cut their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $523.59.

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.