OP Asset Management Ltd Acquires New Position in S&P Global Inc. $SPGI

OP Asset Management Ltd bought a new position in S&P Global Inc. (NYSE:SPGI) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 38,812 shares of the business services provider’s stock, valued at approximately $16,508,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Troy Asset Management Ltd raised its stake in S&P Global by 26.2% during the 4th 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 during the period. First Merchants Corp lifted its holdings in S&P Global by 19.7% in the 4th quarter. First Merchants Corp now owns 16,614 shares of the business services provider’s stock worth $8,682,000 after purchasing an additional 2,733 shares in the last quarter. Vinva Investment Management Ltd boosted its stake in S&P Global by 21.4% in the 3rd quarter. Vinva Investment Management Ltd now owns 26,382 shares of the business services provider’s stock worth $12,963,000 after purchasing an additional 4,659 shares during the period. V Square Quantitative Management LLC bought a new position in S&P Global in the 4th quarter worth approximately $3,652,000. Finally, Capital International Inc. CA grew its holdings in S&P Global by 11.6% during the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after buying an additional 7,343 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Morgan Stanley raised their target price on shares of S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of S&P Global in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group increased their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. Eighteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $545.28.

S&P Global Stock Up 0.6%

Shares of SPGI opened at $402.58 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $119.16 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The business’s 50 day simple moving average is $422.39 and its 200-day simple moving average is $454.07.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm posted $4.37 earnings per share. S&P Global’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 19.400-19.650 EPS. As a group, equities analysts expect that S&P Global Inc. will post 19.61 earnings per share for the current fiscal 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 $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 24.56%.

Insiders Place Their Bets

In other S&P Global news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, with a total value of $500,002.56. Following the acquisition, the director owned 1,152 shares in the company, valued at approximately $500,002.56. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Catherine R. Clay purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the transaction, the chief executive officer owned 2,500 shares of the company’s stock, valued at $1,078,475. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 5,974 shares of company stock valued at $2,576,775 in the last three months. Corporate insiders own 0.03% of the company’s stock.

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.