S&P Global Inc. $SPGI Shares Purchased by Nan Shan Life Insurance Co. Ltd.

Key Points

• Nan Shan Life Insurance more than doubled its S&P Global stake to 107,475 shares, valued at approximately $43.8 million, during the second quarter. Institutional investors collectively own 87.17% of the company.
• Analysts maintain a favorable outlook, with 18 Buy ratings, one Hold and one Sell, producing a “Moderate Buy” consensus and an average price target of $523.59.
• S&P Global exceeded quarterly earnings and revenue expectations, reporting $4.83 in EPS and $4.15 billion in revenue, while announcing a quarterly dividend of $0.97 per share.

Nan Shan Life Insurance Co. Ltd. boosted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 125.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 107,475 shares of the business services provider's stock after buying an additional 59,811 shares during the period. S&P Global accounts for approximately 1.4% of Nan Shan Life Insurance Co. Ltd.'s holdings, making the stock its 27th largest holding. Nan Shan Life Insurance Co. Ltd.'s holdings in S&P Global were worth $43,770,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dorsey Asset Management LLC acquired a new stake in shares of S&P Global during the 1st quarter worth $94,716,000. Troy Asset Management Ltd raised its holdings in shares of S&P Global by 26.2% in the 4th 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 period. Capital International Inc. CA lifted its stake in shares of S&P Global by 11.6% in the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider's stock valued at $36,955,000 after purchasing an additional 7,343 shares in the last quarter. ABN Amro Investment Solutions grew its holdings in shares of S&P Global by 6.3% during the 4th 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 during the period. Finally, Rit Capital Partners PLC purchased a new position in S&P Global in the fourth quarter valued at approximately $44,160,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of several recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of S&P Global in a research report on Monday, July 6th. Mizuho boosted their price objective on S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. Stifel Nicolaus boosted their price target on S&P Global from $489.00 to $521.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. Morgan Stanley lowered their price target on shares of S&P Global from $557.00 to $525.00 and set an "overweight" rating for the company in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group cut their price objective on shares of S&P Global from $539.00 to $490.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $523.59.

S&P Global Price Performance

Shares of SPGI opened at $440.16 on Wednesday. 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 firm has a market cap of $129.76 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.96 and a beta of 1.07. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25. The stock has a 50 day moving average of $425.94 and a 200-day moving average of $424.74.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts' consensus estimates of $4.81 by $0.02. The firm 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 firm's revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, analysts forecast that S&P Global Inc. will post 17.75 EPS 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. Shareholders of record on Wednesday, August 26th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global's payout ratio is presently 23.69%.

Key Headlines Impacting S&P Global

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Potential Capital IQ Pro spinout: Reports that S&P Global is considering a multibillion-dollar spinout of its Capital IQ Pro platform lifted investor interest. Separating the business could unlock value and give the financial-data platform greater strategic flexibility, although the plan remains unconfirmed and could create execution risks. S&P Global reportedly considers multibillion-dollar spinout of Capital IQ platform
• Positive Sentiment: Data-center intelligence expansion: S&P Global completed its acquisition of datacenterHawk, adding proprietary data on data centers, fiber networks, power and related infrastructure. The deal gives S&P Global Energy exposure to demand driven by artificial intelligence and cloud-computing infrastructure. S&P Global Completes Acquisition of datacenterHawk
• Positive Sentiment: Portfolio reshaping: The company completed the sale of its geoscience and petroleum engineering software portfolio to Schlumberger, allowing it to exit a less central software operation and concentrate on data, benchmarks and analytics. S&P Global Completes Divestiture of Upstream Energy Software Portfolio to SLB
• Positive Sentiment: New digital-asset offering: S&P Dow Jones Indices and Kaiko launched a unified suite of S&P Kaiko Digital Asset Indices, expanding S&P Global’s index franchise into cryptocurrency market data and benchmarks. S&P Dow Jones Indices and Kaiko Introduce S&P Kaiko Digital Asset Indices

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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

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