Bright Rock Capital Management LLC Invests $9.16 Million in S&P Global Inc. $SPGI

Bright Rock Capital Management LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,500 shares of the business services provider’s stock, valued at approximately $9,163,000. S&P Global comprises 1.8% of Bright Rock Capital Management LLC’s holdings, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Joseph Group Capital Management purchased a new stake in S&P Global in the 4th quarter worth approximately $29,000. North Star Investment Management Corp. grew its position in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares during the last quarter. Palladiem LLC purchased a new position in shares of S&P Global during the fourth quarter valued at approximately $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global during the third quarter valued at approximately $36,000. Finally, Swiss RE Ltd. bought a new position in shares of S&P Global during the fourth quarter valued at approximately $39,000. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Evercore dropped their price target on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Wells Fargo & Company decreased their price objective on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, April 13th. The Goldman Sachs Group decreased their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Stifel Nicolaus raised their price objective on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Bank of America reduced their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Up 0.7%

SPGI stock opened at $408.06 on Friday. The business has a 50 day moving average of $423.21 and a 200 day moving average of $433.33. The firm has a market cap of $120.30 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last released its 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. 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 for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the company posted $4.43 earnings per share. The company’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. On average, research analysts forecast that S&P Global Inc. will post 17.74 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 1.0%. S&P Global’s payout ratio is presently 23.69%.

S&P Global Company Profile

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.