Marks Group Wealth Management Inc reduced its position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 60.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,043 shares of the business services provider’s stock after selling 10,614 shares during the period. Marks Group Wealth Management Inc’s holdings in S&P Global were worth $3,681,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of 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 worth $15,873,340,000 after buying an additional 117,728 shares during the period. Wellington Management Group LLP boosted its holdings in shares of S&P Global by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock worth $3,033,003,000 after buying an additional 274,285 shares during the period. Norges Bank bought a new stake in shares of S&P Global during the 4th quarter worth $2,398,991,000. Capital International Investors boosted its holdings in shares of 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 buying an additional 922,433 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of S&P Global by 3.2% during the 3rd quarter. Legal & General Group Plc now owns 2,202,872 shares of the business services provider’s stock worth $1,072,160,000 after buying an additional 67,868 shares during the period. 87.17% of the stock is owned by institutional investors.
Insider Activity
In other news, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the purchase, the chief executive officer owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of S&P Global stock in a transaction dated Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the purchase, the director directly owned 1,152 shares in the company, valued at $500,002.56. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.
S&P Global Trading Down 1.7%
S&P Global (NYSE:SPGI – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the company posted $4.37 EPS. The business’s revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts forecast that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.
S&P Global Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, May 29th. S&P Global’s payout ratio is currently 24.56%.
Analysts Set New Price Targets
Several analysts recently issued reports on SPGI shares. Bank of America started coverage on shares of S&P Global in a report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective for the company. Robert W. Baird set a $546.00 price objective on shares of S&P Global in a report on Wednesday, February 11th. Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Stifel Nicolaus cut their target price on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, UBS Group reiterated a “buy” rating on shares of S&P Global in a research note on Wednesday, May 27th. Seventeen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $546.39.
Check Out Our Latest Stock Analysis on SPGI
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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