OAKMONT Corp Grows Stake in S&P Global Inc. $SPGI

OAKMONT Corp increased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,425 shares of the business services provider’s stock after purchasing an additional 1,932 shares during the period. S&P Global makes up 7.4% of OAKMONT Corp’s investment portfolio, making the stock its 6th biggest holding. OAKMONT Corp’s holdings in S&P Global were worth $42,552,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SPGI. J.Safra Asset Management Corp acquired a new stake in shares of S&P Global in the third quarter worth about $29,000. Howard Hughes Medical Institute acquired a new position in shares of S&P Global during the 2nd quarter valued at about $36,000. First Pacific Financial increased its holdings in shares of S&P Global by 51.0% during the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 25 shares during the last quarter. Palisade Asset Management LLC bought a new position in shares of S&P Global in the 3rd quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. raised its stake in shares of S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 48 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of S&P Global stock opened at $431.09 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $130.82 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20. The firm has a fifty day moving average price of $439.26 and a two-hundred day moving average price of $481.30. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.02). The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.97 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, February 25th. S&P Global’s dividend payout ratio is currently 26.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Bank of America assumed coverage on S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 target price for the company. Royal Bank Of Canada dropped their price target on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Robert W. Baird set a $546.00 price objective on shares of S&P Global in a report on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 target price on shares of S&P Global in a research note on Wednesday, February 11th. Finally, Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $563.53.

S&P Global 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.