S&P Global Inc. $SPGI Shares Purchased by Czech National Bank

Key Points

• The Czech National Bank increased its holdings in S&P Global by 6.1% during the second quarter, owning 76,728 shares with a total value of $40.46 million.
• Wall Street analysts have raised their target prices for S&P Global, with Oppenheimer setting a target at $592 and JPMorgan Chase at $625, reflecting strong growth expectations.
• S&P Global reported a quarterly earnings of $4.43 EPS, surpassing analysts' estimates, and a revenue of $3.76 billion, which was above market expectations.

Czech National Bank lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,728 shares of the business services provider's stock after acquiring an additional 4,378 shares during the period. Czech National Bank's holdings in S&P Global were worth $40,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Cheviot Value Management LLC purchased a new stake in S&P Global in the first quarter valued at $26,000. Costello Asset Management INC purchased a new stake in S&P Global in the first quarter valued at $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the first quarter valued at $28,000. CBIZ Investment Advisory Services LLC boosted its holdings in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after purchasing an additional 31 shares during the last quarter. Finally, eCIO Inc. purchased a new stake in S&P Global in the first quarter valued at $32,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Oppenheimer raised their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their target price on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Citigroup raised their target price on S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research report on Monday. Barclays raised their target price on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, S&P Global has an average rating of "Buy" and a consensus target price of $614.38.

S&P Global Stock Down 0.1%

SPGI stock opened at $543.51 on Tuesday. The company has a market cap of $165.93 billion, a price-to-earnings ratio of 41.81, a PEG ratio of 2.91 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The firm has a 50-day moving average of $543.18 and a two-hundred day moving average of $515.09.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. S&P Global's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were issued a dividend of $0.96 per share. The ex-dividend date was Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.

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