Corient Private Wealth LP Buys Shares of 340,194 S&P Global Inc. $SPGI

Corient Private Wealth LP bought a new position in S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, HoldingsChannel reports. The firm bought 340,194 shares of the business services provider’s stock, valued at approximately $138,548,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Permanens Capital L.P. acquired a new position in S&P Global in the second quarter valued at about $1,706,000. Pingora Partners LLC bought a new stake in shares of S&P Global in the second quarter worth about $29,000. Bamco Inc. NY acquired a new stake in shares of S&P Global during the second quarter worth about $14,896,000. Bank of America Corp DE acquired a new stake in shares of S&P Global during the second quarter worth about $865,892,000. Finally, Port Capital LLC lifted its holdings in shares of S&P Global by 1.3% during the 2nd quarter. Port Capital LLC now owns 28,633 shares of the business services provider’s stock valued at $11,661,000 after purchasing an additional 361 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

Shares of S&P Global stock opened at $436.93 on Thursday. 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 cap of $128.81 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 1.95 and a beta of 1.07. The stock’s 50-day moving average is $423.45 and its 200-day moving average is $424.18. S&P Global Inc. has a one year low of $381.61 and a one year high of $554.56.

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

S&P Global Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Daiwa Securities Group decreased their price objective on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. BMO Capital Markets raised their target price on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. UBS Group cut their price target on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Rothschild & Co Redburn reduced their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

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.