E. Ohman J or Asset Management AB Sells 3,300 Shares of S&P Global Inc. $SPGI

Key Points

• E. Ohman J or Asset Management AB reduced its S&P Global stake by 24% in the second quarter, selling 3,300 shares and retaining 10,476 shares valued at approximately $4.04 million.
• S&P Global reported quarterly earnings of $4.83 per share and revenue of $4.15 billion, exceeding analyst estimates, while revenue increased 10.4% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $523.59, compared with the stock’s reported price of $410.22; the company also declared a quarterly dividend of $0.97 per share.

E. Ohman J or Asset Management AB trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 24.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,476 shares of the business services provider's stock after selling 3,300 shares during the quarter. E. Ohman J or Asset Management AB's holdings in S&P Global were worth $4,035,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Dorsey Asset Management LLC purchased a new position in shares of S&P Global in the 1st quarter worth approximately $94,716,000. Troy Asset Management Ltd lifted its position in S&P Global by 26.2% during the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider's stock valued at $21,795,000 after acquiring an additional 8,652 shares during the last quarter. Capital International Inc. CA lifted its position in S&P Global by 11.6% during the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider's stock valued at $36,955,000 after acquiring an additional 7,343 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in S&P Global by 6.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider's stock valued at $107,480,000 after acquiring an additional 11,843 shares in the last quarter. Finally, ABN Amro Investment Solutions boosted its stake in S&P Global by 6.3% in the fourth quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider's stock valued at $79,060,000 after acquiring an additional 8,997 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of SPGI opened at $410.22 on Tuesday. 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 of $422.83 and a two-hundred day moving average of $431.77. The stock has a market cap of $120.93 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.84 and a beta of 1.07. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last announced 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. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company earned $4.43 earnings per share. The company's revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.74 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared 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. 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 is 23.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SPGI shares. Wall Street Zen raised S&P Global to a "hold" rating in a research report on Saturday, July 4th. Citigroup raised their price objective on S&P Global from $454.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Wells Fargo & Company dropped their target price on S&P Global from $530.00 to $525.00 and set an "overweight" rating on the stock in a research note on Monday, April 13th. Jefferies Financial Group upped their target price on S&P Global from $500.00 to $535.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Finally, Morgan Stanley decreased their price target on S&P Global from $557.00 to $525.00 and set an "overweight" rating for the company in a research note on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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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