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

State Street Corp grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 14,482,789 shares of the business services provider’s stock after buying an additional 307,255 shares during the quarter. State Street Corp’s holdings in S&P Global were worth $5,898,261,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of S&P Global during the 4th quarter valued at approximately $2,398,991,000. Capital International Investors boosted its holdings in S&P Global by 43.6% in the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after purchasing an additional 922,433 shares during the period. Unisphere Establishment boosted its holdings in S&P Global by 6.5% in the first quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider’s stock worth $905,995,000 after purchasing an additional 130,050 shares during the period. Bank of America Corp DE bought a new stake in S&P Global during the second quarter valued at $865,892,000. Finally, 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 valued at $919,879,000 after purchasing an additional 1,576,544 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on shares of 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. Morgan Stanley lowered their price objective on shares of 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. Barclays dropped their price objective on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. The Goldman Sachs Group cut their target price 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. Finally, Stifel Nicolaus lifted their target price on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Stock Performance

SPGI stock traded up $0.12 during mid-day trading on Tuesday, reaching $404.59. The company had a trading volume of 697,776 shares, compared to its average volume of 2,230,339. S&P Global Inc. has a one year low of $381.61 and a one year high of $552.25. The stock has a market capitalization of $119.27 billion, a P/E ratio of 24.71, a P/E/G ratio of 1.96 and a beta of 1.07. 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’s 50-day simple moving average is $424.98 and its two-hundred day simple moving average is $424.71.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Research analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current 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.