S&P Global Inc. $SPGI Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its stake in S&P Global Inc. (NYSE:SPGI) by 31.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,685 shares of the business services provider’s stock after buying an additional 8,548 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in S&P Global were worth $17,368,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of S&P Global in the second quarter valued at approximately $2,188,945,000. Valeo Financial Advisors LLC raised its stake in S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in S&P Global by 3,430.6% in the 2nd 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 purchasing an additional 1,510,540 shares during the last quarter. TCI Fund Management Ltd. lifted its holdings in 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 in the last quarter. Finally, ABN AMRO Bank N.V. acquired a new stake in S&P Global during the 2nd quarter worth $310,348,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SPGI shares. BMO Capital Markets set a $546.00 target price on shares of S&P Global in a research report on Friday, November 14th. Wells Fargo & Company increased their price objective on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Morgan Stanley upped their price target on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $615.14.

S&P Global Stock Performance

S&P Global stock opened at $541.37 on Friday. The firm has a 50 day simple moving average of $505.05 and a 200-day simple moving average of $516.23. The stock has a market cap of $163.93 billion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 2.30 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

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.