S&P Global Inc. $SPGI Shares Purchased by State Street Corp

Key Points

• State Street increased its S&P Global stake by 2.2% in the second quarter, acquiring 307,255 shares and bringing its ownership to approximately 4.91%, valued at $5.9 billion. Institutional investors collectively own 87.17% of the company.
• Analysts maintain a favorable outlook, with 18 Buy ratings and two Hold ratings. S&P Global has a consensus rating of Moderate Buy and an average price target of $523.59.
• S&P Global reported quarterly EPS of $4.83, slightly beating estimates, while revenue rose 10.4% year over year to $4.15 billion. Shares recently traded at $404.59, below the consensus analyst target.

State Street Corp grew its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,482,789 shares of the business services provider's stock after acquiring an additional 307,255 shares during the quarter. State Street Corp owned about 4.91% of S&P Global worth $5,898,261,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Hibernia Wealth Partners LLC raised its position in shares of S&P Global by 3.3% in the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider's stock valued at $321,000 after buying an additional 24 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake in S&P Global by 2.8% in the 4th quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider's stock worth $494,000 after acquiring an additional 26 shares during the period. Legacy Wealth Asset Management LLC grew its stake in S&P Global by 1.2% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,272 shares of the business services provider's stock worth $925,000 after acquiring an additional 26 shares during the period. Frazier Financial Advisors LLC raised its holdings in S&P Global by 31.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider's stock valued at $48,000 after acquiring an additional 27 shares during the last quarter. Finally, WPG Advisers LLC lifted its stake in shares of S&P Global by 37.0% during the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider's stock worth $41,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus lifted their price objective on S&P Global from $489.00 to $521.00 and gave the company a "buy" rating in a research report on Friday, July 17th. JPMorgan Chase & Co. reduced their target price on S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings reissued a "hold (c)" rating on shares of S&P Global in a research note on Monday, July 6th. Zacks Research upgraded S&P Global from a "strong sell" rating to a "hold" rating in a report on Monday, September 14th. Finally, Rothschild & Co Redburn dropped their price objective on shares of S&P Global from $540.00 to $520.00 and set a "buy" rating for the company in a research note on Thursday, June 18th. Eighteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $523.59.

S&P Global Stock Up 0.0%

SPGI traded up $0.12 on Tuesday, reaching $404.59. The company's stock had a trading volume of 697,776 shares, compared to its average volume of 2,230,339. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $552.25. The business's 50 day moving average is $424.98 and its 200 day moving average is $424.71. 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 market cap of $119.27 billion, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results 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 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 company posted $4.43 EPS. S&P Global'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, research analysts forecast that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

About S&P Global

S&P Global Inc NYSE: SPGI provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.

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