EFG International AG Has $11.29 Million Position in S&P Global Inc. $SPGI

EFG International AG lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 22.3% in the second quarter, Holdings Channel reports. The firm owned 29,295 shares of the business services provider’s stock after selling 8,428 shares during the period. EFG International AG’s holdings in S&P Global were worth $11,285,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in S&P Global during the 4th quarter worth $2,398,991,000. EdgePoint Investment Group Inc. bought a new position in shares of S&P Global in the first quarter worth about $702,911,000. Cardano Risk Management B.V. lifted its position in shares of S&P Global by 858.3% during the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after purchasing an additional 1,576,544 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of S&P Global by 2,256.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock worth $755,996,000 after purchasing an additional 1,385,249 shares during the last quarter. Finally, Soroban Capital Partners LP boosted its stake in S&P Global by 260.3% during the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock valued at $718,247,000 after purchasing an additional 1,219,990 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SPGI shares. Barclays dropped their price target on S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Morgan Stanley reduced their price objective on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. The Goldman Sachs Group lowered 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 research note on Wednesday, July 1st. Citigroup boosted their target price on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of S&P Global to a “hold” rating in a report on Saturday, July 4th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Trading Down 0.5%

S&P Global stock opened at $433.18 on Wednesday. The business has a 50 day moving average price of $423.07 and a two-hundred day moving average price of $424.29. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market cap of $127.70 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $554.56.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the company earned $4.43 EPS. The company’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, equities analysts forecast that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid 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 payout ratio is currently 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.