Alyeska Investment Group L.P. Acquires New Stake in S&P Global Inc. $SPGI

Key Points

• Alyeska Investment Group acquired 53,893 shares of S&P Global in the second quarter, worth approximately $21.95 million. Institutional investors collectively own 87.17% of the company.
• S&P Global reported quarterly revenue of $4.15 billion and adjusted earnings of $4.83 per share, both exceeding analyst expectations, while revenue increased 10.4% year over year.
• Analysts maintain a generally positive outlook, with 18 Buy ratings and an average price target of $523.59 versus the stock’s $436.70 opening price. The company also declared a quarterly dividend of $0.97 per share.

Alyeska Investment Group L.P. bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 53,893 shares of the business services provider's stock, valued at approximately $21,948,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Rehmann Capital Advisory Group grew its holdings in S&P Global by 1.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider's stock valued at $937,000 after buying an additional 22 shares in the last quarter. Washington Trust Bank boosted its position 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 valued at $987,000 after acquiring an additional 23 shares during the last quarter. Hibernia Wealth Partners LLC boosted its position 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 valued at $321,000 after acquiring an additional 24 shares during the last quarter. Prestige Wealth Management Group LLC grew its holdings in shares of S&P Global by 2.8% in the fourth quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider's stock valued at $494,000 after purchasing an additional 26 shares during the period. Finally, Legacy Wealth Asset Management LLC increased its position in S&P Global by 1.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 2,272 shares of the business services provider's stock worth $925,000 after purchasing an additional 26 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 1.4%

Shares of NYSE SPGI opened at $436.70 on Tuesday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25. 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 stock has a fifty day simple moving average of $425.16 and a 200-day simple moving average of $424.39. The stock has a market capitalization of $128.74 billion, a PE ratio of 26.66, a PEG ratio of 1.99 and a beta of 1.07.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.81 by $0.02. The firm 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%.S&P Global's revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Robert W. Baird reduced their price target on shares of S&P Global from $521.00 to $513.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 29th. BMO Capital Markets raised their target price on S&P Global from $495.00 to $505.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $510.00 price target on shares of S&P Global in a research note on Wednesday, August 26th. Weiss Ratings reissued a "hold (c)" rating on shares of S&P Global in a research report on Monday, July 6th. Finally, Bank of America reduced 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 report on Friday, July 10th. 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 data from MarketBeat, the stock presently 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.

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