Skandinaviska Enskilda Banken AB publ Raises Holdings in S&P Global Inc. $SPGI

Skandinaviska Enskilda Banken AB publ lifted its stake in S&P Global Inc. (NYSE:SPGI) by 27.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 198,295 shares of the business services provider’s stock after acquiring an additional 43,003 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in S&P Global were worth $96,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. MTM Investment Management LLC acquired a new position in S&P Global during the 2nd quarter valued at approximately $27,000. J.Safra Asset Management Corp purchased a new stake in shares of S&P Global during the third quarter valued at $29,000. Spurstone Advisory Services LLC purchased a new position in S&P Global in the 2nd quarter worth $34,000. Howard Hughes Medical Institute purchased a new position in S&P Global in the 2nd quarter worth $36,000. Finally, Solstein Capital LLC acquired a new stake in S&P Global during the 2nd quarter worth about $38,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research reports. Evercore ISI set a $625.00 price objective on S&P Global and gave the company an “outperform” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. William Blair reissued an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Morgan Stanley increased their price objective on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada reduced their target price on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and eighteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $576.38.

S&P Global Trading Up 3.2%

S&P Global stock opened at $410.04 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $122.52 billion, a PE ratio of 27.99, a P/E/G ratio of 1.93 and a beta of 1.20. The stock’s 50 day simple moving average is $505.74 and its two-hundred day simple moving average is $510.15. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.02). The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s payout ratio is 26.21%.

S&P Global Company 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.