S&P Global Inc. $SPGI Stake Trimmed by OAKMONT Corp

OAKMONT Corp lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 79,493 shares of the business services provider’s stock after selling 1,328 shares during the quarter. S&P Global accounts for 6.9% of OAKMONT Corp’s portfolio, making the stock its 6th biggest position. OAKMONT Corp’s holdings in S&P Global were worth $38,690,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MTM Investment Management LLC bought a new position in S&P Global during the second quarter valued at $27,000. J.Safra Asset Management Corp purchased a new position in shares of S&P Global during the 3rd quarter valued at $29,000. Spurstone Advisory Services LLC bought a new position in shares of S&P Global during the 2nd quarter worth $34,000. Howard Hughes Medical Institute bought a new position in shares of S&P Global during the 2nd quarter worth $36,000. Finally, First Pacific Financial increased its holdings in S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $410.04 on Tuesday. The firm’s 50-day moving average price is $505.74 and its two-hundred day moving average price is $510.15. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The stock has a market capitalization of $122.52 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 1.93 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the company posted $3.77 earnings per share. The business’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. As a group, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s payout ratio is presently 26.21%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent research reports. Robert W. Baird set a $546.00 price objective on S&P Global in a report on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 price target on shares of S&P Global in a report on Wednesday, February 11th. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Royal Bank Of Canada decreased 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. Finally, Wells Fargo & Company cut their price target on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $576.38.

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.