Corient Private Wealth LP Sells 86,387 Shares of S&P Global Inc. $SPGI

Corient Private Wealth LP cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 20.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 333,778 shares of the business services provider’s stock after selling 86,387 shares during the quarter. Corient Private Wealth LP’s holdings in S&P Global were worth $136,015,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of S&P Global by 7.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after acquiring an additional 75 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of S&P Global by 5.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock valued at $893,511,000 after acquiring an additional 88,526 shares during the last quarter. Jump Financial LLC purchased a new position in shares of S&P Global in the 2nd quarter worth $552,000. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of S&P Global by 17.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock worth $1,694,000 after purchasing an additional 472 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.0%

Shares of SPGI stock opened at $410.55 on Friday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25. The stock has a market cap of $121.03 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.98 and a beta of 1.07. The stock has a 50 day moving average of $428.38 and a 200 day moving average of $425.67. 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 results 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 company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the business posted $4.43 earnings per share. S&P Global’s revenue for the quarter 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, sell-side analysts expect that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on SPGI. Stifel Nicolaus increased 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. UBS Group lowered their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Rothschild & Co Redburn cut their target price on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Morgan Stanley reduced their target price on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Finally, BMO Capital Markets lifted their price target on S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $523.59.

About S&P Global

S&P Global Inc (NYSE: SPGI) provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.