S&P Global Inc. $SPGI Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its stake in S&P Global Inc. (NYSE:SPGI) by 27.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,885 shares of the business services provider’s stock after selling 1,506 shares during the period. Oppenheimer & Co. Inc.’s holdings in S&P Global were worth $1,582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SPGI. Joseph Group Capital Management bought a new stake in shares of S&P Global during the 4th quarter worth $29,000. North Star Investment Management Corp. raised its position in shares of S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at $36,000. Palisade Asset Management LLC purchased a new stake in shares of S&P Global during the third quarter valued at $36,000. Finally, Swiss RE Ltd. purchased a new stake in shares of S&P Global during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of S&P Global stock opened at $418.15 on Friday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $565.28. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market cap of $123.27 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.90 and a beta of 1.07. The business has a fifty day simple moving average of $422.53 and a 200-day simple moving average of $429.14.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate 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%.S&P Global’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.75 EPS 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 paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s payout ratio is 23.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SPGI shares. Mizuho lifted their price target on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. BMO Capital Markets upped their price objective on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Rothschild & Co Redburn dropped 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. Finally, Bank of America cut their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average target price of $523.59.

About S&P Global

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.