S&P Global Inc. $SPGI Shares Purchased by Saudi Central Bank

Saudi Central Bank raised its stake in S&P Global Inc. (NYSE:SPGI) by 85.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,220 shares of the business services provider’s stock after purchasing an additional 9,779 shares during the period. Saudi Central Bank’s holdings in S&P Global were worth $8,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Norges Bank purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $2,398,991,000. Bank of America Corp DE acquired a new stake in S&P Global in the second quarter valued at approximately $865,892,000. EdgePoint Investment Group Inc. purchased a new position in S&P Global in the first quarter worth approximately $702,911,000. Cardano Risk Management B.V. lifted its stake in S&P Global by 858.3% in the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after acquiring an additional 1,576,544 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in S&P Global by 2,256.7% during 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 acquiring an additional 1,385,249 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SPGI. Stifel Nicolaus raised their price objective on shares of S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a report on Friday, July 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Zacks Research lowered S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Morgan Stanley cut their price target 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. Finally, Citigroup lifted their price target on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Eighteen 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Price Performance

SPGI stock opened at $443.30 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $130.68 billion, a P/E ratio of 27.06, a PEG ratio of 2.14 and a beta of 1.07. The business has a 50 day simple moving average of $428.30 and a 200-day simple moving average of $425.39. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25.

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, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the company posted $4.43 EPS. The company’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 anticipate that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 0.9%. S&P Global’s payout ratio is currently 23.69%.

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.