S&P Global Inc. $SPGI Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 3.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 117,890 shares of the business services provider’s stock after buying an additional 3,974 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in S&P Global were worth $48,011,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Norges Bank acquired a new stake in shares of S&P Global during the fourth quarter valued at approximately $2,398,991,000. EdgePoint Investment Group Inc. acquired a new stake in S&P Global during the first quarter valued at $702,911,000. Cardano Risk Management B.V. lifted its holdings in shares of S&P Global by 858.3% during 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 last quarter. T. Rowe Price Investment Management Inc. grew its position in S&P Global by 2,256.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock worth $755,996,000 after acquiring an additional 1,385,249 shares in the last quarter. Finally, Soroban Capital Partners LP boosted its holdings in S&P Global by 260.3% in the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $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.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Barclays cut their price target on S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Stifel Nicolaus raised their price objective on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Finally, Citigroup upped 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 note 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Trading Down 0.2%

SPGI opened at $431.10 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $127.09 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07. The firm has a 50 day simple moving average of $422.87 and a 200 day simple moving average of $425.46. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $559.44.

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 for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The business 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%. S&P Global’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the company posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

The firm 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 dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is presently 23.69%.

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.