Global Retirement Partners LLC Makes New $1.48 Million Investment in S&P Global Inc. $SPGI

Key Points

• Global Retirement Partners LLC acquired 3,636 shares of S&P Global during the second quarter, worth approximately $1.48 million. Institutional investors and hedge funds collectively own 87.17% of the company.
• Analysts maintain a generally positive outlook, with 18 Buy ratings, one Hold and one Sell; the consensus rating is “Moderate Buy” with a $523.59 price target, despite several recent target-price reductions.
• S&P Global beat quarterly estimates with $4.83 in adjusted EPS and $4.15 billion in revenue, up 10.4% year over year. The company also declared a quarterly dividend of $0.97 per share, representing a 0.9% annualized yield.

Global Retirement Partners LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,636 shares of the business services provider's stock, valued at approximately $1,481,000.

A number of other hedge funds have also modified their holdings of the stock. Joseph Group Capital Management acquired a new stake in shares of S&P Global in the 4th quarter valued at $29,000. North Star Investment Management Corp. lifted its holdings in S&P Global by 134.6% during the 4th 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 acquired a new position in S&P Global in the fourth quarter valued at about $36,000. Palisade Asset Management LLC acquired a new position in S&P Global in the third quarter valued at about $36,000. Finally, Swiss RE Ltd. bought a new stake in S&P Global during the fourth quarter worth about $39,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on SPGI. Robert W. Baird reduced their target price on S&P Global from $521.00 to $513.00 and set an "outperform" rating on the stock in a report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price target on S&P Global from $555.00 to $530.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. Daiwa Securities Group cut their price objective 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. Zacks Research lowered S&P Global from a "hold" rating to a "strong sell" rating in a research note on Monday, July 20th. Finally, Stifel Nicolaus increased their target price on S&P Global from $489.00 to $521.00 and gave the stock a "buy" rating in a report on Friday, July 17th. Eighteen equities 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $523.59.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $410.48 on Tuesday. 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 Inc. has a 1-year low of $381.61 and a 1-year high of $559.60. The stock 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. The business has a 50-day moving average price of $422.40 and a two-hundred day moving average price of $427.58.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion for 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 company's revenue for the quarter 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. Equities analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global's payout ratio is presently 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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