Jupiter Topco LLC Purchases Shares of 278,294 S&P Global Inc. $SPGI

Jupiter Topco LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 278,294 shares of the business services provider’s stock, valued at approximately $113,189,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of S&P Global by 1.1% in the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after purchasing an additional 157,301 shares during the last quarter. TCI Fund Management Ltd. boosted its position in S&P Global by 5.4% in the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after buying an additional 600,440 shares in the last quarter. Morgan Stanley boosted its position in S&P Global by 3.3% in the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock valued at $4,354,796,000 after buying an additional 263,051 shares in the last quarter. Norges Bank bought a new stake in S&P Global during the fourth quarter worth about $2,398,991,000. Finally, Capital International Investors grew its stake in S&P Global by 43.6% during the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after buying an additional 922,433 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPGI. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Citigroup increased their price target on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Bank of America dropped their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $510.00 price objective on shares of S&P Global in a research report on Wednesday. Finally, Morgan Stanley decreased their target price on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a 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 given a Sell rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $523.59.

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 50 day simple moving average of $423.45 and a 200 day simple moving average of $424.18. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $554.56. The firm has a market cap of $128.81 billion, a P/E ratio of 26.67, a P/E/G ratio of 1.95 and a beta of 1.07.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Sell-side 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 firm also recently announced 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 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 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.