Resona Asset Management Co. Ltd. Has $50.32 Million Stock Position in S&P Global Inc. $SPGI

Resona Asset Management Co. Ltd. lifted its stake in S&P Global Inc. (NYSE:SPGI) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,852 shares of the business services provider’s stock after purchasing an additional 2,127 shares during the period. Resona Asset Management Co. Ltd.’s holdings in S&P Global were worth $50,323,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SPGI. Norges Bank acquired a new stake in S&P Global in the fourth quarter worth $2,398,991,000. Cardano Risk Management B.V. grew its holdings in shares of S&P Global by 858.3% in the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock valued at $919,879,000 after buying an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of S&P Global by 2,256.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock valued at $755,996,000 after buying an additional 1,385,249 shares during the period. Capital International Investors increased its position in shares of S&P Global by 43.6% in the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock valued at $1,587,910,000 after buying an additional 922,433 shares in the last quarter. Finally, TCI Fund Management Ltd. increased its position in shares of S&P Global by 5.4% in the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after buying an additional 600,440 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Martina Cheung purchased 2,322 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were bought at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the acquisition, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Catherine R. Clay acquired 2,500 shares of S&P Global stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the transaction, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 5,974 shares of company stock worth $2,576,775 over the last three months. Corporate insiders own 0.03% of the company’s stock.

S&P Global Stock Down 2.8%

Shares of SPGI stock opened at $430.93 on Thursday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $419.40 and a 200-day moving average of $448.79. The company has a market capitalization of $127.56 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 1.89 and a beta of 1.08.

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

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 24.56%.

Trending Headlines about S&P Global

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: BMO Capital Markets raised its price target to $505 and reiterated an outperform rating, indicating continued confidence in S&P Global’s longer-term earnings power. Benzinga report
• Positive Sentiment: JPMorgan kept an overweight rating and still sees upside, despite cutting its target to $535 from $550. Benzinga report
• Positive Sentiment: Barclays, Morgan Stanley, UBS, and RBC all maintained bullish views on SPGI, with revised targets ranging from $510 to $555, suggesting analysts still expect the stock to recover from current levels. Benzinga report
• Neutral Sentiment: Coverage highlighted conflicting analyst sentiment on S&P Global and Bank of Nova Scotia, which adds noise but does not signal a major change in fundamentals. The Globe and Mail article
• Neutral Sentiment: Reports on leadership and operations changes, plus the Mobility spin-off and Market Intelligence rework, point to ongoing strategic restructuring that could improve focus over time but may create short-term uncertainty. Yahoo Finance leadership article Yahoo Finance spin-off article

Analyst Ratings Changes

Several analysts recently commented on SPGI shares. Mizuho raised their price objective on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. UBS Group decreased their target price on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday. Barclays lowered their price target on S&P Global from $565.00 to $555.00 and set an “overweight” rating for the company in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price objective on S&P Global from $550.00 to $535.00 and set an “overweight” rating on the stock in a report on Wednesday. Seventeen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $533.47.

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.