Mitsubishi UFJ Trust & Banking Corp Has $69.69 Million Holdings in S&P Global Inc. $SPGI

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 171,111 shares of the business services provider’s stock after selling 9,563 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in S&P Global were worth $69,687,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SPGI. Norges Bank acquired a new stake in S&P Global during the 4th quarter worth about $2,398,991,000. EdgePoint Investment Group Inc. bought a new position in shares of S&P Global in the 1st quarter worth about $702,911,000. Cardano Risk Management B.V. lifted its stake 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 purchasing an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake 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 purchasing an additional 1,385,249 shares during the period. Finally, Soroban Capital Partners LP boosted its position in shares of S&P Global by 260.3% during the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock valued at $718,247,000 after purchasing an additional 1,219,990 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.2%

Shares of NYSE:SPGI opened at $418.15 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $565.28. The business’s 50 day simple moving average is $422.53 and its two-hundred day simple moving average is $428.39. The firm has a market cap of $123.27 billion, a P/E ratio of 25.53, a PEG ratio of 1.88 and a beta of 1.07.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the company posted $4.43 earnings per share. The company’s quarterly revenue 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, research analysts forecast that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Analysts Set New Price Targets

SPGI has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. BMO Capital Markets increased their price target on S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Jefferies Financial Group raised their price objective on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Barclays lowered their price objective on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $523.59.

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.