Norinchukin Bank The Has $54.23 Million Holdings in S&P Global Inc. $SPGI

Norinchukin Bank The decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,420 shares of the business services provider’s stock after selling 1,681 shares during the quarter. S&P Global makes up about 0.7% of Norinchukin Bank The’s investment portfolio, making the stock its 22nd biggest holding. Norinchukin Bank The’s holdings in S&P Global were worth $54,229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Jones Financial Companies Lllp increased its position in shares of S&P Global by 17.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock worth $32,541,000 after purchasing an additional 10,044 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of S&P Global by 4.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock valued at $11,314,000 after buying an additional 850 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in shares of S&P Global by 324.8% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock valued at $13,673,000 after buying an additional 21,481 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of S&P Global by 3.3% in the third quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock valued at $456,656,000 after buying an additional 30,080 shares in the last quarter. Finally, Collier Financial acquired a new position in S&P Global during the third quarter worth $2,865,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 1.1%

Shares of SPGI opened at $427.09 on Tuesday. The firm has a 50 day simple moving average of $472.19 and a two-hundred day simple moving average of $492.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The company has a market cap of $127.61 billion, a P/E ratio of 29.15, a P/E/G ratio of 1.87 and a beta of 1.23.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.02). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the business posted $3.77 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were given a $0.97 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is presently 26.48%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SPGI. UBS Group dropped their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Bank of America initiated coverage on shares of S&P Global in a research note on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective on the stock. Royal Bank Of Canada dropped their target price on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Stifel Nicolaus cut their target price on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, Robert W. Baird set a $546.00 price target on S&P Global in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $562.67.

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.