Meiji Yasuda Asset Management Co Ltd. Grows Position in S&P Global Inc. $SPGI

Meiji Yasuda Asset Management Co Ltd. raised its position in S&P Global Inc. (NYSE:SPGI) by 34.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,188 shares of the business services provider’s stock after purchasing an additional 5,731 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in S&P Global were worth $9,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SPGI. Brighton Jones LLC increased its position in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares in the last quarter. Sivia Capital Partners LLC grew its stake in S&P Global by 7.8% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after buying an additional 75 shares during the period. Neuberger Berman Group LLC increased its position in shares of S&P Global by 5.5% in the second quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock worth $893,511,000 after acquiring an additional 88,526 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of S&P Global in the second quarter worth $552,000. Finally, Main Street Financial Solutions LLC increased its position in shares of S&P Global by 17.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock worth $1,694,000 after acquiring an additional 472 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SPGI. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Citigroup increased 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. BMO Capital Markets raised their price objective on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada reduced their price objective on S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. Finally, UBS Group decreased their target price on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Stock Performance

Shares of SPGI stock opened at $431.10 on Monday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $559.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $127.09 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.94 and a beta of 1.07. The company’s fifty day moving average price is $422.87 and its two-hundred day moving average price is $424.74.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share 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 company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the firm earned $4.43 earnings per share. The company’s 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. On average, research analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. 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 dividend payout ratio (DPR) is 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.