Fayez Sarofim & Co Has $735.33 Million Stake in S&P Global Inc. $SPGI

Fayez Sarofim & Co boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,501,485 shares of the business services provider’s stock after buying an additional 6,857 shares during the quarter. S&P Global accounts for 1.7% of Fayez Sarofim & Co’s investment portfolio, making the stock its 16th biggest holding. Fayez Sarofim & Co’s holdings in S&P Global were worth $735,331,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of S&P Global in the second quarter worth $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in S&P Global by 3,430.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock valued at $819,699,000 after buying an additional 1,510,540 shares during the period. TCI Fund Management Ltd. raised its position in S&P Global by 7.0% during 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 buying an additional 730,354 shares during the period. Mizuho Markets Americas LLC lifted its stake in S&P Global by 104,031.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock worth $289,900,000 after acquiring an additional 595,059 shares in the last quarter. Finally, ABN AMRO Bank N.V. acquired a new stake in S&P Global during the 2nd quarter worth about $310,348,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird set a $546.00 target price on S&P Global in a report on Wednesday, February 11th. Barclays restated an “overweight” rating and set a $565.00 price target on shares of S&P Global in a report on Monday, February 23rd. The Goldman Sachs Group set a $498.00 price objective on shares of S&P Global in a research report on Wednesday, February 11th. Bank of America started coverage on shares of S&P Global in a research note on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price objective on the stock. Finally, Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $562.67.

S&P Global Stock Up 0.6%

SPGI opened at $422.42 on Monday. The company 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 debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The business has a 50-day moving average of $474.31 and a 200-day moving average of $493.30.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.02). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm posted $3.77 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were given a $0.97 dividend. 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 yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 25th. S&P Global’s payout ratio is presently 26.48%.

S&P Global Company 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.