S&P Global Inc. $SPGI Shares Bought by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management increased its S&P Global stake by 3.5% in the second quarter, bringing its holdings to 117,890 shares valued at approximately $48 million. Institutional investors and hedge funds collectively own 87.17% of the company.
• Analysts remain broadly positive, with 18 Buy ratings and a consensus “Moderate Buy” rating. The average price target is $523.59, despite several firms recently lowering their targets.
• S&P Global exceeded quarterly expectations, reporting $4.83 in EPS and $4.15 billion in revenue, up 10.4% year over year. The company also declared a quarterly dividend of $0.97 per share, equivalent to a 0.9% yield.

Northwestern Mutual Wealth Management Co. lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 117,890 shares of the business services provider's stock after buying an additional 3,974 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in S&P Global were worth $48,011,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of S&P Global during the 4th quarter valued at about $2,398,991,000. EdgePoint Investment Group Inc. bought a new position in S&P Global in the first quarter worth about $702,911,000. Cardano Risk Management B.V. boosted its stake in S&P Global by 858.3% in the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider's stock valued at $919,879,000 after acquiring an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in S&P Global by 2,256.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider's stock valued at $755,996,000 after acquiring an additional 1,385,249 shares during the period. Finally, Soroban Capital Partners LP grew its holdings in shares of S&P Global by 260.3% during the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider's stock valued at $718,247,000 after purchasing an additional 1,219,990 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SPGI shares. The Goldman Sachs Group dropped 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. Jefferies Financial Group upped their price objective on S&P Global from $500.00 to $535.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Robert W. Baird dropped their target price on S&P Global from $521.00 to $513.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 29th. Royal Bank Of Canada cut their target price on S&P Global from $560.00 to $510.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 7th. Finally, Mizuho boosted their price target on shares of S&P Global from $551.00 to $554.00 and gave the company an "outperform" rating in a report on Tuesday, May 5th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $431.10 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a 50 day simple moving average of $422.87 and a 200-day simple moving average of $425.46. The company has a market cap of $127.09 billion, a PE ratio of 26.32, a P/E/G ratio of 1.94 and a beta of 1.07. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $559.44.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) 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 analyst estimates of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $4.43 EPS. 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 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid 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 is Wednesday, August 26th. S&P Global's dividend payout ratio (DPR) is currently 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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