Magellan Asset Management Ltd Buys 10,394 Shares of S&P Global Inc. $SPGI

Magellan Asset Management Ltd increased its stake in S&P Global Inc. (NYSE:SPGI) by 6.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 168,908 shares of the business services provider’s stock after purchasing an additional 10,394 shares during the period. S&P Global makes up 1.5% of Magellan Asset Management Ltd’s holdings, making the stock its 18th largest position. Magellan Asset Management Ltd’s holdings in S&P Global were worth $68,789,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new position in S&P Global during the 4th quarter worth approximately $29,000. North Star Investment Management Corp. raised 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 valued at $32,000 after purchasing an additional 35 shares during the last quarter. Palladiem LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $36,000. Palisade Asset Management LLC bought a new stake in shares of S&P Global in the third quarter worth $36,000. Finally, Swiss RE Ltd. bought a new stake in shares of S&P Global in the fourth quarter worth $39,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI opened at $431.10 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $422.87 and its 200 day simple moving average is $424.74. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $559.44. The company has a market cap of $127.09 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.94 and a beta of 1.07.

S&P Global (NYSE:SPGI) last announced its quarterly 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 net margin of 31.37% and a return on equity of 17.74%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the company posted $4.43 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, research analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 23.69%.

Wall Street Analyst Weigh In

Several research analysts recently commented on SPGI shares. Jefferies Financial Group increased their target price on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Bank of America cut their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Zacks Research downgraded shares of S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Rothschild & Co Redburn decreased their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average target price of $523.59.

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.