Mitsubishi UFJ Asset Management Co. Ltd. Trims Stock Position in S&P Global Inc. $SPGI

Mitsubishi UFJ Asset Management Co. Ltd. lessened its stake in S&P Global Inc. (NYSE:SPGI) by 1.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,006,014 shares of the business services provider’s stock after selling 35,870 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in S&P Global were worth $816,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in S&P Global during the fourth quarter valued at approximately $2,398,991,000. EdgePoint Investment Group Inc. acquired a new position in S&P Global in the first quarter valued at approximately $702,911,000. Cardano Risk Management B.V. boosted its position in 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 worth $919,879,000 after purchasing an additional 1,576,544 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in 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 worth $755,996,000 after purchasing an additional 1,385,249 shares in the last quarter. Finally, Soroban Capital Partners LP grew its stake 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 worth $718,247,000 after purchasing an additional 1,219,990 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.2%

Shares of SPGI opened at $418.15 on Monday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $565.28. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $422.53 and a two-hundred day simple moving average of $428.39. The company has a market capitalization of $123.27 billion, a PE ratio of 25.53, a price-to-earnings-growth 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 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 firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the firm posted $4.43 earnings per share. The firm’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, equities analysts forecast that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada decreased their target price 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. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. BMO Capital Markets lifted their price objective on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Daiwa Securities Group decreased their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday, July 4th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $523.59.

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.