The Manufacturers Life Insurance Company Purchases 299,454 Shares of S&P Global Inc. $SPGI

The Manufacturers Life Insurance Company lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 76.5% in the second quarter, Holdings Channel reports. The institutional investor owned 690,931 shares of the business services provider’s stock after acquiring an additional 299,454 shares during the period. The Manufacturers Life Insurance Company’s holdings in S&P Global were worth $281,388,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Dorsey Asset Management LLC acquired a new position in shares of S&P Global during the 1st quarter worth approximately $94,716,000. Troy Asset Management Ltd raised its position in shares of S&P Global by 26.2% in the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after buying an additional 8,652 shares in the last quarter. Capital International Inc. CA boosted its stake in shares of S&P Global by 11.6% in the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after buying an additional 7,343 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of S&P Global by 6.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider’s stock valued at $107,480,000 after buying an additional 11,843 shares during the period. Finally, ABN Amro Investment Solutions grew its position in S&P Global by 6.3% during the fourth quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock worth $79,060,000 after buying an additional 8,997 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley decreased their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. 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 report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Finally, BMO Capital Markets increased their price target on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Stock Up 0.9%

NYSE:SPGI opened at $435.38 on Tuesday. S&P Global Inc. has a one year low of $381.61 and a one year high of $557.06. 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 company has a market cap of $128.35 billion, a PE ratio of 26.58, a P/E/G ratio of 1.94 and a beta of 1.07. The firm’s 50 day simple moving average is $423.08 and its 200 day simple moving average is $424.51.

S&P Global (NYSE:SPGI) last announced 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. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.43 EPS. 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 year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.97 dividend. 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 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.