Oppenheimer Asset Management Inc. Sells 8,710 Shares of S&P Global Inc. $SPGI

Key Points

• Oppenheimer Asset Management cut its S&P Global stake by 16.6% in the second quarter, selling 8,710 shares and retaining 43,729 shares valued at approximately $17.8 million. Institutional investors collectively own 87.17% of the company.
• S&P Global reported quarterly revenue of $4.15 billion, up 10.4% year over year, and adjusted earnings of $4.83 per share, slightly exceeding analyst expectations. The company issued fiscal 2026 EPS guidance of $17.50–$17.75.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $523.59, compared with a recent share price of $418.15. S&P Global also announced a quarterly dividend of $0.97 per share, yielding approximately 0.9%.

Oppenheimer Asset Management Inc. reduced its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 16.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,729 shares of the business services provider's stock after selling 8,710 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in S&P Global were worth $17,809,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SPGI. Rehmann Capital Advisory Group grew its stake in shares of S&P Global by 1.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider's stock worth $937,000 after acquiring an additional 22 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in shares of S&P Global by 14.2% in the fourth quarter. Salomon & Ludwin LLC now owns 185 shares of the business services provider's stock valued at $99,000 after purchasing an additional 23 shares during the last quarter. Washington Trust Bank lifted its position in shares of S&P Global by 1.2% during the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider's stock valued at $987,000 after purchasing an additional 23 shares in the last quarter. Davidson Trust Co. lifted its position in shares of S&P Global by 1.4% during the fourth quarter. Davidson Trust Co. now owns 1,727 shares of the business services provider's stock valued at $903,000 after purchasing an additional 24 shares in the last quarter. Finally, Hibernia Wealth Partners LLC boosted its holdings in S&P Global by 3.3% during the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider's stock worth $321,000 after purchasing an additional 24 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $418.15 on Friday. The company's 50-day moving average is $422.53 and its 200 day moving average is $429.14. 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 company has a market capitalization of $123.27 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.90 and a beta of 1.07. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $565.28.

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, beating 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 quarter in the prior year, the business earned $4.43 earnings per share. The firm's revenue for the quarter 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. On average, equities research analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have issued reports on SPGI. Rothschild & Co Redburn reduced 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. The Goldman Sachs Group dropped their target price on shares of S&P Global from $539.00 to $490.00 and set a "buy" rating on the stock in a research report on Wednesday, July 1st. Daiwa Securities Group cut their target price on S&P Global from $490.00 to $485.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 20th. Robert W. Baird reduced their target price on S&P Global from $521.00 to $513.00 and set an "outperform" rating for the company in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. decreased their price target on S&P Global from $555.00 to $530.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, S&P Global presently 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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