S&P Global Inc. $SPGI Stock: Bank Pictet & Cie Europe AG Grows Holdings

Bank Pictet & Cie Europe AG grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 15.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 16,739 shares of the business services provider’s stock after purchasing an additional 2,290 shares during the period. Bank Pictet & Cie Europe AG’s holdings in S&P Global were worth $6,603,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of S&P Global by 2.2% in the second quarter. State Street Corp now owns 14,482,789 shares of the business services provider’s stock valued at $5,898,261,000 after purchasing an additional 307,255 shares in the last quarter. Unisphere Establishment grew its holdings in S&P Global by 6.5% during the first quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider’s stock worth $905,995,000 after buying an additional 130,050 shares in the last quarter. Bank of America Corp DE bought a new stake in S&P Global during the second quarter worth $865,892,000. Soroban Capital Partners LP grew its holdings in S&P Global by 260.3% during the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after buying an additional 1,219,990 shares in the last quarter. Finally, EdgePoint Investment Group Inc. purchased a new stake in S&P Global in the 1st quarter valued at $702,911,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

S&P Global stock traded up $8.32 during mid-day trading on Tuesday, reaching $436.15. 806,488 shares of the company’s stock were exchanged, compared to its average volume of 2,193,221. The business’s fifty day simple moving average is $416.21 and its 200 day simple moving average is $421.43. 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 Inc. has a one year low of $381.61 and a one year high of $552.25. The firm has a market capitalization of $128.58 billion, a PE ratio of 26.61, a P/E/G ratio of 2.09 and a beta of 1.09.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the company earned $4.43 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts expect that S&P Global Inc. will post 17.69 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, November 25th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio is presently 23.69%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Mizuho dropped their price objective on S&P Global from $554.00 to $531.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. Barclays cut their price objective on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. The Goldman Sachs Group reduced 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. Stifel Nicolaus increased their target price 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. Finally, Robert W. Baird set a $513.00 price target on shares of S&P Global in a report on Wednesday, September 2nd. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $515.88.

About S&P Global

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.