Permanens Capital L.P. Makes New Investment in S&P Global Inc. $SPGI

Permanens Capital L.P. acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, HoldingsChannel reports. The firm acquired 4,190 shares of the business services provider’s stock, valued at approximately $1,706,000.

Several other large investors also recently made changes to their positions in the stock. Joseph Group Capital Management bought a new stake in S&P Global during the fourth quarter worth $29,000. North Star Investment Management Corp. grew its position in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 35 shares during the period. Palladiem LLC acquired a new position in shares of S&P Global during the 4th quarter worth about $36,000. Pingora Partners LLC acquired a new position in shares of S&P Global during the 2nd quarter worth about $29,000. Finally, Palisade Asset Management LLC bought a new stake in shares of S&P Global in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Mizuho raised their target price on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Stifel Nicolaus upped their price objective on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Rothschild & Co Redburn cut their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. UBS Group decreased their target price on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Finally, Citigroup raised their price target on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Price Performance

Shares of NYSE SPGI opened at $436.93 on Thursday. The firm has a market cap of $128.81 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 1.95 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $554.56. The business’s 50 day moving average is $423.45 and its 200-day moving average is $424.18.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the company posted $4.43 EPS. The firm’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. Equities research analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

The firm 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. This represents a $3.88 dividend on an annualized basis 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 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.