830,609 Shares in S&P Global Inc. $SPGI Bought by Veritas Asset Management LLP

Veritas Asset Management LLP purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) in the second quarter, HoldingsChannel reports. The fund purchased 830,609 shares of the business services provider’s stock, valued at approximately $338,274,000. S&P Global comprises 6.1% of Veritas Asset Management LLP’s portfolio, making the stock its 8th biggest holding.

Several other large investors have also added to or reduced their stakes in SPGI. Joseph Group Capital Management purchased a new position in shares of S&P Global in the fourth quarter worth about $29,000. North Star Investment Management Corp. boosted its position in 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 buying an additional 35 shares during the last quarter. Palisade Asset Management LLC purchased a new stake in S&P Global in the third quarter valued at approximately $36,000. Palladiem LLC acquired a new position in S&P Global in the 4th quarter worth approximately $36,000. Finally, Swiss RE Ltd. acquired a new position in S&P Global in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of several research reports. UBS Group decreased their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Royal Bank Of Canada cut their price objective on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. Daiwa Securities Group reduced their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. The Goldman Sachs Group reduced their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, Barclays decreased their target price on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Down 1.1%

Shares of SPGI stock opened at $418.15 on Friday. The stock has a 50 day moving average of $422.53 and a 200 day moving average of $429.14. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market cap of $123.27 billion, a P/E ratio of 25.53, a P/E/G ratio of 1.88 and a beta of 1.07. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $565.28.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the company posted $4.43 earnings per share. S&P Global’s revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, sell-side analysts expect that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s payout ratio is currently 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.