Varma Mutual Pension Insurance Co Boosts Holdings in S&P Global Inc. $SPGI

Varma Mutual Pension Insurance Co raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.9% during the second quarter, HoldingsChannel reports. The fund owned 67,007 shares of the business services provider’s stock after acquiring an additional 2,500 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in S&P Global were worth $27,289,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SPGI. Joseph Group Capital Management purchased a new position in S&P Global during the 4th quarter valued at $29,000. North Star Investment Management Corp. increased its stake in S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC bought a new stake in shares of S&P Global during the fourth quarter worth $36,000. Palisade Asset Management LLC bought a new stake in shares of S&P Global during the third quarter worth $36,000. Finally, Swiss RE Ltd. purchased a new stake in shares of S&P Global during the fourth quarter valued at $39,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. BMO Capital Markets upped their target price on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Morgan Stanley dropped their target price on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Finally, Royal Bank Of Canada decreased their price target on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Price Performance

Shares of SPGI opened at $431.10 on Friday. The company has a 50 day moving average price of $422.87 and a 200-day moving average price 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. The stock has a market capitalization of $127.09 billion, a PE ratio of 26.32, a PEG ratio of 1.94 and a beta of 1.07. 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 (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates 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 was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

S&P Global Company 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.