S&P Global Inc. $SPGI Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,776 shares of the business services provider’s stock after selling 2,446 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in S&P Global were worth $5,631,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. J.Safra Asset Management Corp acquired a new stake in S&P Global during the 3rd quarter worth $29,000. Howard Hughes Medical Institute acquired a new position in S&P Global in the second quarter valued at $36,000. First Pacific Financial raised its holdings in shares of S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares during the last quarter. Palisade Asset Management LLC acquired a new stake in shares of S&P Global during the third quarter worth about $36,000. Finally, Ameriflex Group Inc. boosted its stake in shares of S&P Global by 171.4% during the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.0%

NYSE SPGI opened at $428.53 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $128.05 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.88 and a beta of 1.23. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The firm has a 50-day moving average price of $460.86 and a 200 day moving average price of $488.38.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. S&P Global’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were issued a dividend of $0.97 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 25th. S&P Global’s dividend payout ratio is currently 26.48%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America started coverage on S&P Global in a research report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target on the stock. Barclays reaffirmed an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a research report on Monday, February 23rd. Weiss Ratings downgraded S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Wells Fargo & Company dropped their target price on S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Finally, Robert W. Baird set a $546.00 price target on S&P Global in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, S&P Global presently has an average rating of “Buy” and a consensus target price of $563.53.

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.