Dearborn Partners LLC Acquires Shares of 45,371 S&P Global Inc. $SPGI

Key Points

• Dearborn Partners initiated a position in S&P Global during the second quarter, purchasing 45,371 shares valued at approximately $18.5 million. Institutional investors collectively own 87.17% of the company.
• S&P Global exceeded quarterly expectations with earnings of $4.83 per share and revenue of $4.15 billion, up 10.4% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $523.59.
• The company declared a quarterly dividend of $0.97 per share, equivalent to an annualized $3.88 and a 0.9% yield. Shares opened at $435.73, well below their 52-week high of $552.25.

Dearborn Partners LLC 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. The fund bought 45,371 shares of the business services provider's stock, valued at approximately $18,478,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Joseph Group Capital Management bought a new position in shares of S&P Global in the 4th quarter worth $29,000. Pingora Partners LLC acquired a new stake in shares of S&P Global during the second quarter worth $29,000. North Star Investment Management Corp. increased 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 purchasing an additional 35 shares during the last quarter. Palladiem LLC bought a new stake in S&P Global in the fourth quarter valued at about $36,000. Finally, Palisade Asset Management LLC acquired a new position in S&P Global in the third quarter valued at about $36,000. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SPGI. Rothschild & Co Redburn reduced their target price on S&P Global from $540.00 to $520.00 and set a "buy" rating on the stock in a report on Thursday, June 18th. Robert W. Baird cut 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. 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 research note on Friday, July 10th. JPMorgan Chase & Co. decreased 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. Finally, Weiss Ratings reaffirmed 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, S&P Global has a consensus rating of "Moderate Buy" and an average target price of $523.59.

S&P Global Stock Down 0.2%

NYSE:SPGI opened at $435.73 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $552.25. The stock has a 50-day moving average price of $423.94 and a two-hundred day moving average price of $424.16. The stock has a market cap of $128.45 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.96 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly 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. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the firm posted $4.43 earnings per share. S&P Global'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. As a group, equities analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

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 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 is Wednesday, August 26th. S&P Global's dividend payout ratio (DPR) is 23.69%.

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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