S&P Global Inc. $SPGI Stake Increased by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG raised its position 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 firm owned 16,739 shares of the business services provider’s stock after purchasing an additional 2,290 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in S&P Global were worth $6,603,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of S&P Global by 2.2% in the 2nd quarter. State Street Corp now owns 14,482,789 shares of the business services provider’s stock worth $5,898,261,000 after purchasing an additional 307,255 shares during the period. Unisphere Establishment increased its position in shares of 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 during the period. Bank of America Corp DE bought a new position in S&P Global during the second quarter worth $865,892,000. Soroban Capital Partners LP raised its stake 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 during the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new position in S&P Global in the first quarter valued at $702,911,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Friday, October 2nd. Morgan Stanley dropped their price objective on S&P Global from $525.00 to $477.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 7th. Stifel Nicolaus boosted their price objective on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research note on Friday, July 17th. The Goldman Sachs Group cut their target price on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Finally, Wall Street Zen raised S&P Global to a “hold” rating in a research note on Saturday, September 5th. Eighteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $515.88.

S&P Global Stock Up 1.9%

Shares of NYSE SPGI traded up $8.32 during midday trading on Tuesday, hitting $436.15. 806,488 shares of the stock traded hands, compared to its average volume of 2,193,221. The company has a market cap 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 Inc. has a one year low of $381.61 and a one year high of $552.25. The business has a 50 day moving average price of $416.21 and a two-hundred day moving average price of $421.43. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping 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 company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the firm earned $4.43 earnings per share. S&P Global’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, equities analysts predict that S&P Global Inc. will post 17.69 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued 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%.

S&P Global Company Profile

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.