Public Employees Retirement System of Ohio Takes Position in S&P Global Inc. $SPGI

Key Points

• Public Employees Retirement System of Ohio acquired 112,651 shares of S&P Global during the second quarter, valued at approximately $45.9 million. Institutional investors and hedge funds collectively own 87.17% of the company.
• S&P Global exceeded quarterly earnings and revenue expectations, reporting $4.83 in earnings per share and $4.15 billion in revenue, with revenue up 10.4% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $523.59, while the company announced a quarterly dividend of $0.97 per share, yielding 0.9% annually.

Public Employees Retirement System of Ohio acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 112,651 shares of the business services provider's stock, valued at approximately $45,878,000.

A number of other institutional investors have also recently made changes to their positions in the company. Dorsey Asset Management LLC acquired a new position in shares of S&P Global during the 1st quarter valued at $94,716,000. Troy Asset Management Ltd raised its position in 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 valued at $21,795,000 after purchasing an additional 8,652 shares during the period. Capital International Inc. CA lifted its stake in shares of S&P Global by 11.6% during 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 in the last quarter. ABN Amro Investment Solutions lifted its stake 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 worth $79,060,000 after purchasing an additional 8,997 shares in the last quarter. Finally, Danske Bank A S boosted its position in shares of S&P Global by 8.9% in the fourth quarter. Danske Bank A S now owns 225,778 shares of the business services provider's stock worth $117,989,000 after buying an additional 18,465 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI opened at $435.73 on Friday. The firm has a market cap of $128.45 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.96 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The business's 50 day moving average is $423.94 and its two-hundred day moving average is $424.16. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $552.25.

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 analysts' consensus estimates of $4.81 by $0.02. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts forecast that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

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 $0.97 dividend. 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 payout ratio is presently 23.69%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent research reports. The Goldman Sachs Group reduced their price target on 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. JPMorgan Chase & Co. lowered their price objective on shares of 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. Weiss Ratings reiterated a "hold (c)" rating on shares of S&P Global in a research note on Monday, July 6th. Mizuho boosted their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 5th. Finally, Daiwa Securities Group decreased their target price on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source