Danica Pension Livsforsikringsaktieselskab Decreases Holdings in S&P Global Inc. $SPGI

Danica Pension Livsforsikringsaktieselskab lowered its position in S&P Global Inc. (NYSE:SPGI) by 12.1% during the second quarter, HoldingsChannel.com reports. The fund owned 56,535 shares of the business services provider’s stock after selling 7,790 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in S&P Global were worth $23,024,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rehmann Capital Advisory Group boosted its position in S&P Global by 1.2% during the third 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. Salomon & Ludwin LLC increased its position in shares of S&P Global by 14.2% in the fourth quarter. Salomon & Ludwin LLC now owns 185 shares of the business services provider’s stock valued at $99,000 after buying an additional 23 shares in the last quarter. Washington Trust Bank raised 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 buying an additional 23 shares during the last quarter. Hibernia Wealth Partners LLC raised its stake in shares of S&P Global by 3.3% during the 1st quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after buying an additional 24 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in shares of 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 worth $795,000 after buying an additional 25 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SPGI. Bank of America lowered their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Citigroup lifted their target price on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Stifel Nicolaus increased their price target on shares of S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research report on Friday, July 17th. UBS Group dropped their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Up 1.9%

Shares of NYSE SPGI opened at $418.51 on Wednesday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $559.60. The firm has a fifty day moving average of $422.28 and a 200-day moving average of $426.80. The stock has a market capitalization of $123.38 billion, a PE ratio of 25.55, a P/E/G ratio of 1.88 and a beta of 1.07. 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 (NYSE:SPGI) last issued 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 business 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

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

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.