Principal Financial Group Inc. Raises Position in S&P Global Inc. $SPGI

Key Points

• Principal Financial Group increased its S&P Global stake by 12.9% in the second quarter, purchasing 65,529 additional shares for a total holding valued at approximately $233.2 million. Institutional investors collectively own 87.17% of SPGI.
• 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 estimates. The company issued fiscal 2026 EPS guidance of $17.50–$17.75.
• The company declared a quarterly dividend of $0.97 per share, equivalent to a 0.9% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $523.59 versus the reported share price of $418.15.

Principal Financial Group Inc. lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 12.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 572,659 shares of the business services provider's stock after buying an additional 65,529 shares during the period. Principal Financial Group Inc. owned about 0.19% of S&P Global worth $233,228,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Dorsey Asset Management LLC purchased a new stake in S&P Global during the 1st quarter valued at $94,716,000. Troy Asset Management Ltd raised its stake in shares of S&P Global by 26.2% in the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider's stock worth $21,795,000 after purchasing an additional 8,652 shares during the last quarter. Capital International Inc. CA raised its stake in shares of S&P Global by 11.6% in the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider's stock worth $36,955,000 after purchasing an additional 7,343 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of S&P Global by 6.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider's stock valued at $107,480,000 after purchasing an additional 11,843 shares in the last quarter. Finally, ABN Amro Investment Solutions lifted its holdings in shares of S&P Global by 6.3% during the fourth quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider's stock valued at $79,060,000 after purchasing an additional 8,997 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of SPGI opened at $418.15 on Friday. 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 $565.28. The firm has a market capitalization of $123.27 billion, a P/E ratio of 25.53, a PEG ratio of 1.90 and a beta of 1.07. The business has a fifty day moving average of $422.53 and a 200 day moving average of $429.14.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter in the prior year, the business earned $4.43 earnings per share. S&P Global'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. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global's dividend payout ratio is presently 23.69%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Daiwa Securities Group reduced their price objective on S&P Global from $490.00 to $485.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 29th. Robert W. Baird dropped their price target on shares of S&P Global from $521.00 to $513.00 and set an "outperform" rating on the stock in a report on Wednesday, July 29th. Bank of America reduced their price target on shares of S&P Global from $575.00 to $550.00 and set a "buy" rating for the company in a research note on Friday, July 10th. Finally, Citigroup boosted their price objective on shares of S&P Global from $454.00 to $500.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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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