Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stock Position in S&P Global Inc. $SPGI

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,800 shares of the business services provider’s stock after purchasing an additional 1,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in S&P Global were worth $26,185,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Vanguard Group Inc. raised its holdings in S&P Global by 1.1% in the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after acquiring an additional 315,916 shares in the last quarter. TCI Fund Management Ltd. increased its position in shares of S&P Global by 7.0% in the 2nd 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 purchasing an additional 730,354 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of S&P Global by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after purchasing an additional 42,724 shares in the last quarter. Norges Bank purchased a new stake in shares of S&P Global during the 2nd quarter worth $2,188,945,000. Finally, Valeo Financial Advisors LLC grew its stake in shares of S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after purchasing an additional 3,163,938 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SPGI. JPMorgan Chase & Co. cut their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $640.00 price target on shares of S&P Global in a report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Finally, Mizuho lifted their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $615.64.

S&P Global Stock Performance

Shares of SPGI opened at $545.42 on Friday. The company’s 50 day simple moving average is $510.02 and its 200-day simple moving average is $517.10. The firm has a market cap of $165.15 billion, a PE ratio of 39.67, a price-to-earnings-growth ratio of 2.32 and a beta of 1.21. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.26 by $0.47. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.77 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. S&P Global’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a $0.97 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 0.7%. S&P Global’s payout ratio is presently 27.93%.

About S&P Global

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.