Rakuten Investment Management Inc. Buys Shares of 49,588 S&P Global Inc. $SPGI

Rakuten Investment Management Inc. bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 49,588 shares of the business services provider’s stock, valued at approximately $20,260,000.

A number of other large investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of S&P Global in the 4th quarter valued at about $2,398,991,000. Bank of America Corp DE acquired a new stake in S&P Global during the second quarter worth about $865,892,000. EdgePoint Investment Group Inc. bought a new position in S&P Global in the first quarter worth about $702,911,000. Cardano Risk Management B.V. lifted its holdings in S&P Global by 858.3% in the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after acquiring an additional 1,576,544 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake 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 valued at $755,996,000 after acquiring an additional 1,385,249 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of several recent research reports. Zacks Research lowered S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. JPMorgan Chase & Co. cut 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. The Goldman Sachs Group reduced their price objective on S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Bank of America lowered their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $510.00 target price on shares of S&P Global in a research report on Wednesday. Eighteen investment 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. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Price Performance

NYSE SPGI opened at $442.62 on Friday. The company has a 50-day moving average price of $424.57 and a two-hundred day moving average price of $424.29. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25. The stock has a market cap of $130.48 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.

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, topping analysts’ consensus estimates 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 business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company posted $4.43 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts forecast that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s payout ratio is 23.69%.

About S&P Global

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.