Fifth Third Bancorp Has $59.53 Million Stake in S&P Global Inc. $SPGI

Fifth Third Bancorp decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 12.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 146,177 shares of the business services provider’s stock after selling 20,186 shares during the period. Fifth Third Bancorp’s holdings in S&P Global were worth $59,532,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in S&P Global by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock worth $15,873,340,000 after purchasing an additional 117,728 shares during the period. State Street Corp increased its stake in S&P Global by 1.1% in the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock valued at $7,451,971,000 after purchasing an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. raised its holdings in shares of S&P Global by 5.4% during the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after purchasing an additional 600,440 shares during the period. Morgan Stanley raised its holdings in shares of S&P Global by 3.3% during the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock valued at $4,354,796,000 after purchasing an additional 263,051 shares during the period. Finally, Norges Bank acquired a new position in shares of S&P Global during the fourth quarter valued at about $2,398,991,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SPGI. Barclays reduced their target price on S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Wall Street Zen raised S&P Global to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Mizuho increased their price target on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. reduced their price objective on S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Stock Down 1.1%

S&P Global stock opened at $418.15 on Friday. The firm has a market capitalization of $123.27 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.07. The firm’s fifty day moving average price is $422.53 and its two-hundred day moving average price is $429.14. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $565.28. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted $4.43 earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business 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 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.