Rakuten Investment Management Inc. Has $21.67 Million Stock Position in S&P Global Inc. $SPGI

Rakuten Investment Management Inc. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 66.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,884 shares of the business services provider’s stock after buying an additional 16,340 shares during the quarter. Rakuten Investment Management Inc.’s holdings in S&P Global were worth $21,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new position in S&P Global during the 4th quarter valued at $29,000. North Star Investment Management Corp. raised its stake in S&P Global by 134.6% during the 4th 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 during the last quarter. Palladiem LLC acquired a new position in S&P Global during the 4th quarter valued at $36,000. Palisade Asset Management LLC acquired a new position in S&P Global during the 3rd quarter valued at $36,000. Finally, Swiss RE Ltd. acquired a new position in S&P Global during the 4th quarter valued at $39,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 1.4%

Shares of S&P Global stock opened at $424.57 on Tuesday. The company’s fifty day moving average price is $424.69 and its two-hundred day moving average price is $458.22. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The firm has a market capitalization of $125.67 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the firm earned $4.37 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, analysts expect that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is presently 24.56%.

Insider Transactions at S&P Global

In other news, Director Robert Edward Jr. Moritz bought 1,152 shares of the stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $434.03 per share, with a total value of $500,002.56. Following the acquisition, the director owned 1,152 shares in the company, valued at $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Martina Cheung bought 2,322 shares of the stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the acquisition, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. The trade was a 9.22% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on SPGI shares. Barclays reiterated an “overweight” rating and set a $565.00 target price on shares of S&P Global in a research note on Monday, February 23rd. The Goldman Sachs Group reissued a “buy” rating on shares of S&P Global in a report on Tuesday, April 28th. Jefferies Financial Group boosted their price target on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. UBS Group reissued a “buy” rating on shares of S&P Global in a report on Wednesday, May 27th. Finally, Wells Fargo & Company lowered their price target on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Seventeen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $546.39.

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.