The Manufacturers Life Insurance Company Acquires 299,454 Shares of S&P Global Inc. $SPGI

The Manufacturers Life Insurance Company grew its stake in S&P Global Inc. (NYSE:SPGI) by 76.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 690,931 shares of the business services provider’s stock after acquiring an additional 299,454 shares during the period. The Manufacturers Life Insurance Company owned 0.23% of S&P Global worth $281,388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. State Street Corp grew its stake in shares of S&P Global by 1.1% in the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock valued at $7,451,971,000 after buying an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. raised its position in S&P Global by 5.4% during the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after acquiring an additional 600,440 shares in the last quarter. Morgan Stanley raised its position in S&P Global by 3.3% during the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after acquiring an additional 263,051 shares in the last quarter. Norges Bank acquired a new stake in S&P Global in the fourth quarter valued at $2,398,991,000. Finally, Capital International Investors lifted its stake in S&P Global by 43.6% in the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock valued at $1,587,910,000 after acquiring an additional 922,433 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. Rothschild & Co Redburn lowered their price objective on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. The Goldman Sachs Group cut their target price 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. JPMorgan Chase & Co. reduced their price target on S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. UBS Group lowered their price target on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, Morgan Stanley dropped their price objective 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. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Price Performance

Shares of SPGI opened at $435.38 on Tuesday. The firm has a market capitalization of $128.35 billion, a PE ratio of 26.58, a PEG ratio of 1.94 and a beta of 1.07. The company’s 50-day moving average is $423.08 and its 200-day moving average is $424.51. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $557.06. 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) last announced 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 net margin of 31.37% and a return on equity of 17.74%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm posted $4.43 EPS. S&P Global’s revenue 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. Equities analysts forecast that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The company 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 of this dividend 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 is presently 23.69%.

S&P Global 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.