Alberta Investment Management Corp Makes New Investment in S&P Global Inc. $SPGI

Key Points

• Alberta Investment Management Corp. purchased 8,150 shares of S&P Global during the second quarter, valued at approximately $3.3 million. Institutional investors collectively own 87.17% of the company.
• Analysts maintain a “Moderate Buy” consensus on SPGI, with 18 Buy ratings, one Hold, and one Sell, alongside an average price target of $523.59.
• S&P Global reported quarterly earnings of $4.83 per share and $4.15 billion in revenue, exceeding estimates, while shares opened at $410.48. The company also declared a quarterly dividend of $0.97 per share, for a 0.9% yield.

Alberta Investment Management Corp purchased a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,150 shares of the business services provider's stock, valued at approximately $3,319,000.

Several other institutional investors also recently made changes to their positions in SPGI. Joseph Group Capital Management purchased a new stake in shares of S&P Global during the 4th quarter worth about $29,000. North Star Investment Management Corp. raised its holdings in 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 buying an additional 35 shares during the period. Palladiem LLC purchased a new position in S&P Global in the fourth quarter valued at approximately $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global in the 3rd quarter valued at $36,000. Finally, Swiss RE Ltd. purchased a new position in shares of S&P Global in the 4th quarter valued at $39,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent research reports. Rothschild & Co Redburn decreased their target price on S&P Global from $540.00 to $520.00 and set a "buy" rating for the company in a research report on Thursday, June 18th. Mizuho upped their price target on S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a report on Tuesday, May 5th. Citigroup increased their price objective on shares of S&P Global from $454.00 to $500.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Royal Bank Of Canada dropped their price objective on shares of S&P Global from $560.00 to $510.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 7th. Finally, UBS Group reduced their target price on shares of S&P Global from $550.00 to $525.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $523.59.

S&P Global Trading Down 2.0%

Shares of SPGI opened at $410.48 on Tuesday. The company has a market capitalization of $121.01 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.88 and a beta of 1.07. S&P Global Inc. has a one year low of $381.61 and a one year high of $559.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50-day moving average price of $422.40 and a 200 day moving average price of $427.58.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating analysts' consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion during 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%.S&P Global's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Sell-side analysts forecast that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed 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. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global's dividend payout ratio (DPR) is currently 23.69%.

S&P Global 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.

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