Stoneridge Investment Partners LLC Makes New $568,000 Investment in S&P Global Inc. $SPGI

by · The Markets Daily

Stoneridge Investment Partners LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,378 shares of the business services provider’s stock, valued at approximately $568,000.

Several other large investors have also made changes to their positions in SPGI. Dorsey Asset Management LLC purchased a new stake in S&P Global in the first quarter valued at $94,716,000. Troy Asset Management Ltd raised its stake in shares of S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after buying an additional 8,652 shares during the last quarter. Capital International Inc. CA raised its stake in shares of S&P Global by 11.6% during the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after buying an additional 7,343 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of S&P Global by 6.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider’s stock valued at $107,480,000 after buying an additional 11,843 shares during the last quarter. Finally, ABN Amro Investment Solutions lifted its holdings in shares of S&P Global by 6.3% in the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock valued at $79,060,000 after buying an additional 8,997 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.2%

Shares of NYSE:SPGI opened at $418.15 on Monday. The business’s 50 day moving average price is $422.53 and its 200-day moving average price is $428.39. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $565.28. The firm has a market capitalization of $123.27 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95.

S&P Global (NYSE:SPGI – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion during 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%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities research analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley lowered their target price on 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. Daiwa Securities Group reduced their price target on 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. BMO Capital Markets boosted their price target on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Jefferies Financial Group upped their price objective on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, UBS Group dropped their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

Get Our Latest Research Report on SPGI

About S&P Global

(Free Report)

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.

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