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

The Manufacturers Life Insurance Company grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 76.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 690,931 shares of the business services provider’s stock after buying 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGI. California State Teachers Retirement System lifted its position in S&P Global by 39,515.8% during the 2nd quarter. California State Teachers Retirement System now owns 187,868,631 shares of the business services provider’s stock valued at $76,511,379,000 after acquiring an additional 187,394,404 shares during the period. Norges Bank bought a new position in shares of S&P Global during the fourth quarter valued at approximately $2,398,991,000. Bank of America Corp DE purchased a new position in shares of S&P Global during the second quarter valued at approximately $865,892,000. EdgePoint Investment Group Inc. purchased a new position in shares of S&P Global during the first quarter valued at approximately $702,911,000. Finally, Cardano Risk Management B.V. boosted its position in shares of S&P Global by 858.3% in the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after purchasing an additional 1,576,544 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Robert W. Baird set a $513.00 price target on S&P Global in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. lowered their price target on S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. The Goldman Sachs Group cut their price objective on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Bank of America decreased their target price on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Finally, Stifel Nicolaus upped their target price on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Trading Down 1.8%

Shares of SPGI stock opened at $410.77 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $552.25. The stock has a market capitalization of $121.10 billion, a P/E ratio of 25.08, a P/E/G ratio of 2.02 and a beta of 1.07. The firm’s 50 day moving average is $428.94 and its 200 day moving average is $425.77.

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 analysts’ consensus estimates 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 net margin of 31.37% and a return on equity of 17.74%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th were issued 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 of this dividend was Wednesday, August 26th. S&P Global’s dividend payout ratio is currently 23.69%.

About S&P Global

S&P Global Inc (NYSE: SPGI) provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.