T. Rowe Price Investment Management Inc. Buys 1,385,249 Shares of S&P Global Inc. $SPGI

T. Rowe Price Investment Management Inc. grew its stake in S&P Global Inc. (NYSE:SPGI) by 2,256.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,446,633 shares of the business services provider’s stock after buying an additional 1,385,249 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in S&P Global were worth $755,996,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of S&P Global during the fourth quarter worth $2,398,991,000. Cardano Risk Management B.V. boosted its stake in S&P Global by 858.3% in 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 period. Capital International Investors increased its holdings in S&P Global by 43.6% during the 4th 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 in the last quarter. TCI Fund Management Ltd. increased its holdings in S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after purchasing an additional 600,440 shares in the last quarter. Finally, Amundi raised its stake in shares of S&P Global by 35.2% in the 4th quarter. Amundi now owns 2,107,041 shares of the business services provider’s stock valued at $1,101,119,000 after purchasing an additional 548,004 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 1.6%

Shares of SPGI stock opened at $411.32 on Friday. The firm’s fifty day moving average price is $424.07 and its two-hundred day moving average price is $456.61. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The firm has a market capitalization of $121.75 billion, a P/E ratio of 26.03, a PEG ratio of 1.78 and a beta of 1.08.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities analysts predict that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio is 24.56%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research reports. BMO Capital Markets boosted their price target on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Jefferies Financial Group increased their price objective on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Evercore dropped their target price on S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. The Goldman Sachs Group restated a “buy” rating on shares of S&P Global in a research note on Tuesday, April 28th. Finally, Morgan Stanley upped their price target on S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Eighteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $545.28.

Insider Buying and Selling at S&P Global

In other news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the purchase, the director directly owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Martina Cheung bought 2,322 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the acquisition, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 5,974 shares of company stock worth $2,576,775 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.