S&P Global Inc. $SPGI Shares Sold by Korea Investment CORP

Korea Investment CORP trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 30.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 210,801 shares of the business services provider’s stock after selling 93,829 shares during the period. Korea Investment CORP’s holdings in S&P Global were worth $85,851,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in S&P Global in the 4th quarter valued at approximately $2,398,991,000. EdgePoint Investment Group Inc. acquired a new stake in shares of S&P Global in the first quarter valued at $702,911,000. Cardano Risk Management B.V. lifted its stake in S&P Global by 858.3% during the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after acquiring an additional 1,576,544 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in S&P Global by 2,256.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock valued at $755,996,000 after acquiring an additional 1,385,249 shares during the period. Finally, Soroban Capital Partners LP grew its position in S&P Global by 260.3% in the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock valued at $718,247,000 after acquiring an additional 1,219,990 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of S&P Global stock opened at $431.10 on Friday. The business has a 50-day simple moving average of $422.87 and a 200-day simple moving average of $425.46. 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 Inc. has a one year low of $381.61 and a one year high of $559.44. The company has a market cap of $127.09 billion, a PE ratio of 26.32, a P/E/G ratio of 1.94 and a beta of 1.07.

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, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the company earned $4.43 earnings per share. The firm’s revenue 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, equities research analysts forecast that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 23.69%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. BMO Capital Markets increased their target price on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Robert W. Baird decreased their price target on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Mizuho boosted their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Finally, Morgan Stanley cut their price objective 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 equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average price target 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.