Crawford Investment Counsel Inc. Purchases 1,743 Shares of S&P Global Inc. $SPGI

Crawford Investment Counsel Inc. raised its position in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 1.1% in the fourth quarter, Holdings Channel reports. The fund owned 167,591 shares of the business services provider’s stock after buying an additional 1,743 shares during the quarter. S&P Global comprises approximately 1.4% of Crawford Investment Counsel Inc.’s investment portfolio, making the stock its 24th biggest holding. Crawford Investment Counsel Inc.’s holdings in S&P Global were worth $87,581,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SPGI. Norges Bank bought a new stake in S&P Global during the fourth quarter valued at about $2,398,991,000. Cardano Risk Management B.V. boosted its holdings in S&P Global by 858.3% during the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock valued at $919,879,000 after acquiring an additional 1,576,544 shares during the period. Capital International Investors lifted its stake in shares of S&P Global by 43.6% in the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock valued at $1,587,910,000 after buying an additional 922,433 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of S&P Global by 353.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 488,185 shares of the business services provider’s stock valued at $255,121,000 after buying an additional 380,603 shares during the period. Finally, Credit Agricole S A bought a new stake in shares of S&P Global in the third quarter valued at about $180,503,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. 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. Daiwa Securities Group reduced their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. UBS Group reiterated a “buy” rating on shares of S&P Global in a research note on Wednesday, May 27th. Morgan Stanley increased their target price on shares of S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Mizuho increased 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 note on Tuesday, May 5th. Seventeen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $546.39.

Get Our Latest Research Report on S&P Global

S&P Global Stock Up 2.3%

Shares of SPGI opened at $433.68 on Wednesday. The stock has a market cap of $128.37 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 1.81 and a beta of 1.08. 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 12 month low of $381.61 and a 12 month high of $579.05. The company has a 50-day moving average price of $424.75 and a two-hundred day moving average price of $457.78.

S&P Global (NYSE:SPGIGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share 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 company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities analysts predict that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is presently 24.56%.

Insider Transactions at S&P Global

In other news, CEO Martina Cheung acquired 2,322 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was bought at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the acquisition, the chief executive officer owned 27,518 shares in the company, valued at approximately $11,830,813.74. This represents a 9.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $434.03 per share, with a total value of $500,002.56. Following the acquisition, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders bought 5,974 shares of company stock valued at $2,576,775. Corporate insiders own 0.03% of the company’s stock.

S&P Global Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGIFree Report).

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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