Long Corridor Asset Management Ltd Boosts Holdings in S&P Global Inc. $SPGI

Key Points

• Long Corridor Asset Management increased its S&P Global stake by 172.7% in the second quarter, owning 30,000 shares valued at approximately $12.2 million. 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 expectations, while revenue grew 10.4% year over year.
• Analysts remain broadly positive, with 18 Buy ratings and a consensus “Moderate Buy” rating alongside an average price target of $523.59. The company also announced a quarterly dividend of $0.97 per share, yielding about 0.9%.

Long Corridor Asset Management Ltd lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 172.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the business services provider's stock after buying an additional 19,000 shares during the quarter. S&P Global comprises 3.7% of Long Corridor Asset Management Ltd's investment portfolio, making the stock its 10th biggest position. Long Corridor Asset Management Ltd's holdings in S&P Global were worth $12,218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SPGI. Joseph Group Capital Management bought a new stake in S&P Global during the 4th quarter valued at $29,000. North Star Investment Management Corp. boosted 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 worth $32,000 after acquiring an additional 35 shares during the period. Palladiem LLC bought a new position in shares of S&P Global in the fourth quarter worth $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global in the third quarter valued at $36,000. Finally, Swiss RE Ltd. purchased a new position in shares of S&P Global in the fourth quarter valued at $39,000. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPGI has been the topic of a number of analyst reports. Bank of America decreased their price objective on 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. 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. The Goldman Sachs Group reduced their target price on S&P Global from $539.00 to $490.00 and set a "buy" rating for the company in a report on Wednesday, July 1st. JPMorgan Chase & Co. decreased their price target on S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. Finally, Mizuho increased their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a report on Tuesday, May 5th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and an average target price of $523.59.

S&P Global Stock Down 0.2%

SPGI opened at $431.10 on Friday. The company has a fifty day moving average price of $422.87 and a 200-day moving average price of $425.46. The firm has a market capitalization of $127.09 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.94 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 Inc. has a one year low of $381.61 and a one year high of $559.44.

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 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter in the prior year, the firm posted $4.43 earnings per share. The business's quarterly 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. Equities research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given 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 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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