Royal London Asset Management Ltd. Acquires 54,203 Shares of S&P Global Inc. $SPGI

Royal London Asset Management Ltd. increased its stake in S&P Global Inc. (NYSE:SPGI) by 21.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,801 shares of the business services provider’s stock after acquiring an additional 54,203 shares during the period. Royal London Asset Management Ltd. owned approximately 0.10% of S&P Global worth $117,412,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Pingora Partners LLC bought a new stake in S&P Global in the second quarter worth $29,000. North Star Investment Management Corp. boosted its stake in 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 buying an additional 35 shares during the period. Palisade Asset Management LLC bought a new position in S&P Global during the third quarter valued at $36,000. Palladiem LLC bought a new position in S&P Global during the fourth quarter valued at $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global during the fourth quarter valued at $39,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Up 1.7%

NYSE:SPGI opened at $442.62 on Friday. The company has a market cap of $130.48 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25. 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 fifty day simple moving average of $424.57 and a 200-day simple moving average of $424.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 23.69%.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. UBS Group lowered their target price on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Stifel Nicolaus upped their price target on shares of S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a report on Friday, July 17th. Citigroup increased their price objective on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Morgan Stanley decreased their price objective on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Finally, Barclays dropped their target price on 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 research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target 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.