Okabena Investment Services Inc. Boosts Position in S&P Global Inc. $SPGI

Key Points

• Okabena Investment Services increased its S&P Global position by 157.9% in the second quarter, bringing its holdings to 5,419 shares valued at approximately $2.21 million. Institutional investors 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.
• S&P Global reported quarterly EPS of $4.83 and revenue of $4.15 billion, both slightly above estimates, while revenue rose 10.4% year over year. The company also declared a $0.97 quarterly dividend, equivalent to a 0.9% yield.

Okabena Investment Services Inc. raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 157.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,419 shares of the business services provider's stock after acquiring an additional 3,318 shares during the quarter. Okabena Investment Services Inc.'s holdings in S&P Global were worth $2,207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Joseph Group Capital Management bought a new stake in shares of S&P Global during the 4th quarter valued at about $29,000. North Star Investment Management Corp. lifted its stake in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider's stock worth $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC bought a new position in shares of S&P Global in the 4th quarter worth approximately $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global in the third quarter worth approximately $36,000. Finally, Swiss RE Ltd. purchased a new position in shares of S&P Global in the fourth quarter worth approximately $39,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of S&P Global in a report on Monday, July 6th. Morgan Stanley dropped their price target on shares of S&P Global from $557.00 to $525.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 7th. Rothschild & Co Redburn cut their price objective on shares of S&P Global from $540.00 to $520.00 and set a "buy" rating for the company in a research report on Thursday, June 18th. Mizuho upped their price objective on S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. Finally, Barclays reduced their price objective on S&P Global from $555.00 to $553.00 and set an "overweight" rating for the company in a research note on Wednesday, July 29th. Eighteen 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $523.59.

S&P Global Trading Down 1.1%

Shares of NYSE:SPGI opened at $418.15 on Friday. The stock has a 50 day moving average of $422.53 and a 200 day moving average of $429.14. The company has a market cap of $123.27 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.90 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 Inc. has a 12-month low of $381.61 and a 12-month high of $565.28.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) 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 company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the firm posted $4.43 EPS. The firm's quarterly 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 research analysts expect that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global's dividend payout ratio (DPR) 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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