Corient Private Wealth LP Purchases New Shares in S&P Global Inc. $SPGI

Key Points

• Corient Private Wealth LP acquired 340,194 shares of S&P Global during the second quarter, valued at approximately $138.5 million and representing about 0.12% of the company. Institutional investors collectively own 87.17% of SPGI.
• S&P Global reported quarterly earnings of $4.83 per share and revenue of $4.15 billion, exceeding analyst estimates, while revenue rose 10.4% year over year. The stock was trading at $436.93, up 0.9%.
• The company declared a quarterly dividend of $0.97 per share, equivalent to an annualized $3.88 payout and a 0.9% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $523.59.

Corient Private Wealth LP purchased a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 340,194 shares of the business services provider's stock, valued at approximately $138,548,000. Corient Private Wealth LP owned approximately 0.12% of S&P Global as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Joseph Group Capital Management acquired a new position in shares of S&P Global during the fourth quarter worth approximately $29,000. Pingora Partners LLC bought a new stake in shares of S&P Global during the second quarter valued at approximately $29,000. North Star Investment Management Corp. increased its holdings in shares of 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 purchasing an additional 35 shares in the last quarter. Palladiem LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $36,000. Finally, Palisade Asset Management LLC bought a new position in S&P Global in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Trading Up 0.9%

SPGI opened at $436.93 on Thursday. The firm has a 50 day simple moving average of $423.45 and a 200 day simple moving average of $424.18. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $554.56. The company has a market cap of $128.81 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 1.95 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping 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 net margin of 31.37% and a return on equity of 17.74%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, sell-side analysts anticipate 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. Shareholders of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date of this dividend 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 presently 23.69%.

Analyst Ratings Changes

Several research analysts have issued reports on SPGI shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $510.00 price objective on shares of S&P Global in a report on Wednesday. Bank of America lowered their target price on S&P Global from $575.00 to $550.00 and set a "buy" rating for the company in a research note on Friday, July 10th. Daiwa Securities Group dropped their target price on S&P Global from $490.00 to $485.00 and set an "outperform" rating for the company in a research report on Wednesday, May 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of S&P Global in a research note on Monday, July 6th. Finally, Zacks Research cut S&P Global from a "hold" rating to a "strong sell" rating in a report on Monday, July 20th. Eighteen 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 stock. According to data from MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global Company 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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