Intech Investment Management LLC trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,216 shares of the business services provider’s stock after selling 2,203 shares during the period. Intech Investment Management LLC’s holdings in S&P Global were worth $9,520,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new position in shares of S&P Global during the fourth quarter valued at approximately $29,000. North Star Investment Management Corp. raised its holdings in shares of S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares during the last quarter. Palisade Asset Management LLC purchased a new position in shares of S&P Global during the third quarter valued at approximately $36,000. Ameriflex Group Inc. raised its holdings in shares of S&P Global by 171.4% during the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 48 shares during the last quarter. Finally, Ares Financial Consulting LLC purchased a new position in shares of S&P Global during the fourth quarter valued at approximately $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on SPGI. Robert W. Baird set a $546.00 price objective on shares of S&P Global in a report on Wednesday, February 11th. The Goldman Sachs Group reissued a “buy” rating on shares of S&P Global in a report on Tuesday, April 28th. Mizuho boosted their target price on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Evercore cut their target price on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Finally, Barclays restated an “overweight” rating and set a $565.00 target price on shares of S&P Global in a research report on Monday, February 23rd. Seventeen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $546.39.
Insiders Place Their Bets
In other news, CEO Catherine R. Clay purchased 2,500 shares of the company’s stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the transaction, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the transaction, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 5,974 shares of company stock worth $2,576,775 over the last three months. 0.03% of the stock is currently owned by company insiders.
S&P Global Stock Up 1.5%
NYSE SPGI opened at $423.86 on Friday. The stock’s 50-day moving average price is $424.42 and its 200-day moving average price is $464.04. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The company has a market capitalization of $125.46 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11.
S&P Global (NYSE:SPGI – Get Free Report) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.15. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts predict that S&P Global Inc. will post 19.61 earnings per share for the current year.
S&P Global Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, May 29th. S&P Global’s dividend payout ratio is presently 24.56%.
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.
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