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

Key Points

• Saudi Central Bank increased its S&P Global stake by 85.5% in the second quarter, purchasing 9,779 additional shares and bringing its holdings to 21,220 shares valued at approximately $8.64 million.
• Institutional ownership remains substantial at 87.17%, with several major investors—including Norges Bank, Bank of America, and T. Rowe Price—recently establishing or expanding positions.
• S&P Global exceeded quarterly earnings and revenue expectations, reporting $4.83 EPS and $4.15 billion in revenue; analysts maintain a “Moderate Buy” consensus with an average price target of $523.59.

Saudi Central Bank boosted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 85.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $2,398,991,000. Bank of America Corp DE acquired a new position in S&P Global in the second quarter valued at approximately $865,892,000. EdgePoint Investment Group Inc. acquired a new stake in S&P Global during the first quarter worth $702,911,000. Cardano Risk Management B.V. increased its stake in S&P Global by 858.3% during 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. raised its position in 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 purchasing an additional 1,385,249 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of S&P Global from $539.00 to $490.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of S&P Global in a research report on Monday, July 6th. Zacks Research downgraded shares of S&P Global from a "hold" rating to a "strong sell" rating in a research note on Monday, July 20th. Daiwa Securities Group decreased their price objective on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Finally, Barclays lowered their price objective on shares of S&P Global from $555.00 to $553.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global Stock Performance

NYSE SPGI opened at $443.30 on Friday. The company has a market cap of $130.68 billion, a P/E ratio of 27.06, a P/E/G ratio of 2.14 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a 50-day moving average of $428.30 and a two-hundred day moving average of $425.39. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $4.43 earnings per share. The business'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, 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 announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. 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 dividend payout ratio is 23.69%.

S&P Global Profile

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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