Legal & General Group Plc cut its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,137,989 shares of the business services provider’s stock after selling 64,883 shares during the quarter. Legal & General Group Plc’s holdings in S&P Global were worth $1,117,292,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in S&P Global by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after purchasing an additional 117,728 shares during the period. Wellington Management Group LLP increased its stake in shares of S&P Global by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock valued at $3,033,003,000 after acquiring an additional 274,285 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of S&P Global by 0.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,970,788 shares of the business services provider’s stock valued at $1,010,344,000 after acquiring an additional 5,706 shares during the last quarter. Unisphere Establishment increased its stake in shares of S&P Global by 5.9% in the 2nd quarter. Unisphere Establishment now owns 1,800,000 shares of the business services provider’s stock valued at $949,122,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of S&P Global by 1.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,720,364 shares of the business services provider’s stock valued at $837,409,000 after acquiring an additional 25,574 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
SPGI has been the subject of a number of recent analyst reports. Evercore lowered their price target on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Rothschild & Co Redburn lowered their price target on S&P Global from $585.00 to $540.00 in a research note on Thursday, May 7th. Weiss Ratings cut S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. BMO Capital Markets upped their price target on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Finally, Jefferies Financial Group upped their price target on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Seventeen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $546.39.
Insider Buying and Selling
In other S&P Global news, CEO Catherine R. Clay purchased 2,500 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the purchase, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at $1,078,475. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Martina Cheung purchased 2,322 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were acquired at an average cost of $429.93 per share, with a total value of $998,297.46. Following the completion of the purchase, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is owned by corporate insiders.
S&P Global Price Performance
NYSE SPGI opened at $418.58 on Monday. The business has a 50 day simple moving average of $425.23 and a 200 day simple moving average of $466.56. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $123.90 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.78 and a beta of 1.11.
S&P Global (NYSE:SPGI – Get Free Report) last posted its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the business earned $4.37 EPS. S&P Global’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts anticipate that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.
S&P Global Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 29th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, May 29th. S&P Global’s dividend payout ratio is presently 24.56%.
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.
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