OVERSEA CHINESE BANKING Corp Ltd Decreases Stake in S&P Global Inc. $SPGI

OVERSEA CHINESE BANKING Corp Ltd cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 46.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,560 shares of the business services provider’s stock after selling 6,496 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in S&P Global were worth $3,076,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. E Fund Management Co. Ltd. increased its stake in S&P Global by 79.0% in the 2nd quarter. E Fund Management Co. Ltd. now owns 2,087 shares of the business services provider’s stock worth $850,000 after acquiring an additional 921 shares during the last quarter. United Bank purchased a new stake in shares of S&P Global during the 2nd quarter worth approximately $476,000. Madison Asset Management LLC boosted its position in shares of S&P Global by 32.4% during the 2nd quarter. Madison Asset Management LLC now owns 4,766 shares of the business services provider’s stock valued at $1,941,000 after acquiring an additional 1,166 shares during the last quarter. AssuredPartners Investment Advisors LLC boosted its position in shares of S&P Global by 23.5% during the 2nd quarter. AssuredPartners Investment Advisors LLC now owns 1,435 shares of the business services provider’s stock valued at $584,000 after acquiring an additional 273 shares during the last quarter. Finally, Tocqueville Asset Management L.P. grew its holdings in shares of S&P Global by 87.8% in the second quarter. Tocqueville Asset Management L.P. now owns 74,136 shares of the business services provider’s stock valued at $30,193,000 after purchasing an additional 34,663 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SPGI shares. Bank of America reduced 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 research report on Friday, July 10th. Royal Bank Of Canada dropped their price objective on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. BMO Capital Markets boosted 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. Robert W. Baird reduced their target price on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Finally, 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. Eighteen investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Stock Performance

NYSE SPGI opened at $431.70 on Friday. The company has a market cap of $127.27 billion, a P/E ratio of 26.36, a P/E/G ratio of 1.92 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50 day moving average price is $422.64 and its 200-day moving average price is $425.42. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $559.44.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results 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. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate 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 revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $4.43 earnings per share. 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 year.

S&P Global Dividend Announcement

The company also recently declared 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. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. 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.