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

Key Points

• Okabena Investment Services increased its S&P Global stake 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.
• S&P Global exceeded quarterly expectations, reporting $4.83 in adjusted earnings per share and $4.15 billion in revenue, up 10.4% year over year. Analysts expect full-year fiscal 2026 earnings of about $17.75 per share.
• The company declared a quarterly dividend of $0.97 per share, equivalent to an annualized $3.88 and a 0.9% yield. Wall Street maintains a “Moderate Buy” consensus rating with an average price target of $523.59.

Okabena Investment Services Inc. increased its holdings in shares of 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 Securities and Exchange Commission (SEC). The institutional investor owned 5,419 shares of the business services provider's stock after purchasing an additional 3,318 shares during the quarter. Okabena Investment Services Inc.'s holdings in S&P Global were worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC grew its stake in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after acquiring an additional 143 shares during the period. Sivia Capital Partners LLC boosted its holdings in S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider's stock worth $547,000 after purchasing an additional 75 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in S&P Global by 5.5% in the second quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider's stock worth $893,511,000 after purchasing an additional 88,526 shares during the last quarter. Jump Financial LLC bought a new stake in S&P Global in the 2nd quarter worth approximately $552,000. Finally, Main Street Financial Solutions LLC grew its position in S&P Global by 17.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider's stock worth $1,694,000 after purchasing an additional 472 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 1.7%

Shares of SPGI opened at $442.62 on Friday. The business's 50 day moving average is $424.57 and its 200 day moving average is $424.29. 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 $552.25. The company has a market capitalization of $130.48 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 1.99 and a beta of 1.07.

S&P Global (NYSE:SPGI - Get Free Report) last posted 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 return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the company posted $4.43 EPS. The firm's revenue for the quarter 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. Research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business 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. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global's dividend payout ratio is currently 23.69%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SPGI. The Goldman Sachs Group lowered their price target on S&P Global from $539.00 to $490.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Mizuho increased their target price on S&P Global from $551.00 to $554.00 and gave the company an "outperform" rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. dropped their target price 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. Wall Street Zen upgraded S&P Global to a "hold" rating in a research note on Saturday, July 4th. Finally, BMO Capital Markets upped their price target on shares of S&P Global from $495.00 to $505.00 and gave the company an "outperform" rating in a research report on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and an average target price of $523.59.

About S&P Global

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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