Permanens Capital L.P. bought a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,190 shares of the business services provider's stock, valued at approximately $1,706,000.
Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of S&P Global in the 4th quarter valued at approximately $2,398,991,000. Bank of America Corp DE acquired a new stake in S&P Global during the 2nd quarter worth approximately $865,892,000. EdgePoint Investment Group Inc. bought a new position in S&P Global in the first quarter valued at 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 valued at $919,879,000 after buying an additional 1,576,544 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of S&P Global by 2,256.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider's stock valued at $755,996,000 after buying an additional 1,385,249 shares during the period. 87.17% of the stock is currently owned by institutional investors.
S&P Global Price Performance
NYSE SPGI opened at $436.93 on Thursday. 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 12-month low of $381.61 and a 12-month high of $554.56. The company has a market capitalization of $128.81 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.95 and a beta of 1.07. The firm's 50 day moving average is $423.45 and its 200-day moving average is $424.18.
S&P Global (NYSE:SPGI - Get Free Report) 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. The business had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm's revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities research analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.
S&P Global Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global's dividend payout ratio is currently 23.69%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on SPGI. Wall Street Zen raised shares of S&P Global to a "hold" rating in a research report on Saturday, July 4th. BMO Capital Markets upped their target price on shares of S&P Global from $495.00 to $505.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 7th. Zacks Research cut S&P Global from a "hold" rating to a "strong sell" rating in a report on Monday, July 20th. Barclays dropped their price target on S&P Global from $555.00 to $553.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 29th. Finally, UBS Group cut their price target on S&P Global from $550.00 to $525.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $523.59.
Read Our Latest Research Report on SPGI
About S&P Global
(
Free Report)
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.
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