Okabena Investment Services Inc. Raises Holdings in S&P Global Inc. $SPGI

Okabena Investment Services Inc. lifted its position in S&P Global Inc. (NYSE:SPGI) by 157.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,419 shares of the business services provider’s stock after acquiring an additional 3,318 shares during the quarter. Okabena Investment Services Inc.’s holdings in S&P Global were worth $2,207,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SPGI. Pingora Partners LLC purchased a new position in S&P Global during the 2nd quarter valued at approximately $29,000. North Star Investment Management Corp. grew its holdings in shares of S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares in the last quarter. Palladiem LLC bought a new stake in S&P Global in the fourth quarter worth $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global during the third quarter valued at $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global during the fourth quarter valued at $39,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SPGI. Rothschild & Co Redburn decreased their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Morgan Stanley lowered their price objective on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Bank of America dropped their target price 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. Zacks Research lowered S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Finally, Mizuho raised their price target on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Stock Performance

S&P Global stock opened at $442.62 on Friday. 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 $130.48 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 1.99 and a beta of 1.07. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25. The company’s 50-day moving average is $424.57 and its 200 day moving average is $424.29.

S&P Global (NYSE:SPGI) last announced its 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 business had revenue of $4.15 billion during 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 company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Research analysts forecast that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

The firm 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 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 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.