S&P Global Inc. $SPGI Shares Acquired by Fayez Sarofim & Co

Fayez Sarofim & Co boosted its stake in S&P Global Inc. (NYSE:SPGI) by 0.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,501,485 shares of the business services provider’s stock after buying an additional 6,857 shares during the period. S&P Global accounts for 1.7% of Fayez Sarofim & Co’s portfolio, making the stock its 16th biggest holding. Fayez Sarofim & Co owned about 0.50% of S&P Global worth $735,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of S&P Global by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock worth $14,726,208,000 after buying an additional 161,719 shares in the last quarter. TCI Fund Management Ltd. boosted its holdings in shares of S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after acquiring an additional 730,354 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of S&P Global by 4.6% during the third quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock valued at $3,033,003,000 after acquiring an additional 274,285 shares during the period. Norges Bank bought a new stake in S&P Global during the second quarter worth approximately $2,188,945,000. Finally, Legal & General Group Plc raised its holdings in S&P Global by 3.2% during the third quarter. Legal & General Group Plc now owns 2,202,872 shares of the business services provider’s stock worth $1,072,160,000 after purchasing an additional 67,868 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.6%

Shares of S&P Global stock opened at $422.42 on Monday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The firm has a market capitalization of $126.22 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $474.31 and its 200-day moving average is $493.30.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). The company 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 company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were issued a $0.97 dividend. The ex-dividend date was Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is 26.48%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. William Blair restated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Wells Fargo & Company dropped their price objective on S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Evercore set a $625.00 price objective on S&P Global and gave the company an “outperform” rating in a report on Wednesday, February 11th. Stifel Nicolaus decreased their target price on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, Morgan Stanley lifted their target price on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $562.67.

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.