Corient Private Wealth LP Sells 77,488 Shares of S&P Global Inc. $SPGI

Corient Private Wealth LP trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 18.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 342,677 shares of the business services provider’s stock after selling 77,488 shares during the quarter. Corient Private Wealth LP owned about 0.12% of S&P Global worth $139,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Joseph Group Capital Management purchased a new position in shares of S&P Global during the fourth quarter worth about $29,000. Pingora Partners LLC purchased a new stake in S&P Global in the second quarter valued at approximately $29,000. North Star Investment Management Corp. raised its stake in S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares in the last quarter. Palladiem LLC bought a new stake in S&P Global during the fourth quarter valued at approximately $36,000. Finally, Palisade Asset Management LLC bought a new stake in S&P Global during the third quarter valued at approximately $36,000. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPGI. Royal Bank Of Canada reissued an “outperform” rating and issued a $510.00 price target on shares of S&P Global in a report on Wednesday. Bank of America cut their target price on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Barclays reduced their target price on S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Citigroup lifted their price target on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Daiwa Securities Group cut 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. 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 company. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Trading Up 0.9%

Shares of SPGI stock opened at $436.93 on Thursday. The business has a 50-day moving average of $423.45 and a 200 day moving average of $424.18. 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 1-year low of $381.61 and a 1-year high of $554.56. The stock has a market capitalization of $128.81 billion, a PE ratio of 26.67, a P/E/G ratio of 1.95 and a beta of 1.07.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the firm earned $4.43 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. 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 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s payout ratio is presently 23.69%.

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.