Czech National Bank Purchases 2,964 Shares of S&P Global Inc. $SPGI

by · The Cerbat Gem

Czech National Bank grew its holdings in S&P Global Inc. (NYSE:SPGI – Free Report) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 86,302 shares of the business services provider’s stock after acquiring an additional 2,964 shares during the quarter. Czech National Bank’s holdings in S&P Global were worth $35,147,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SPGI. Norges Bank bought a new position in shares of S&P Global in the fourth quarter worth $2,398,991,000. EdgePoint Investment Group Inc. bought a new position in S&P Global in the 1st quarter valued at approximately $702,911,000. Cardano Risk Management B.V. boosted its holdings 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 valued at $919,879,000 after acquiring an additional 1,576,544 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of S&P Global by 2,256.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock valued at $755,996,000 after buying an additional 1,385,249 shares during the period. Finally, Soroban Capital Partners LP increased its position in S&P Global by 260.3% in 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 acquiring an additional 1,219,990 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $405.14 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. 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 company has a market capitalization of $119.44 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 1.85 and a beta of 1.07. The firm’s fifty day moving average price is $423.53 and its two-hundred day moving average price is $433.51.

S&P Global (NYSE:SPGI – Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, analysts anticipate that S&P Global Inc. will post 17.74 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 23.69%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Daiwa Securities Group dropped their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Barclays cut their target price 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. Evercore reduced their price target on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Finally, Royal Bank Of Canada decreased their price target on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $523.59.

Check Out Our Latest Stock Analysis on S&P Global

About S&P Global

(Free Report)

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.

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