SHP Wealth Management acquired a new stake in S&P Global Inc. (NYSE:SPGI – Free Report) in the fourth quarter, Holdings Channel reports. The firm acquired 2,221 shares of the business services provider’s stock, valued at approximately $1,161,000.
Several other large investors have also bought and sold shares of SPGI. Joseph Group Capital Management bought a new stake in shares of S&P Global in the 4th quarter valued at about $29,000. North Star Investment Management Corp. increased its stake in shares of S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after buying an additional 35 shares during the period. Palladiem LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $36,000. Palisade Asset Management LLC bought a new position in shares of S&P Global during the third quarter worth about $36,000. Finally, Ameriflex Group Inc. raised its position 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 worth $37,000 after acquiring an additional 48 shares during the last quarter. 87.17% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the stock in a transaction dated Thursday, April 30th. The stock was bought 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 of the company’s stock, valued at $500,002.56. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Catherine R. Clay bought 2,500 shares of the company’s stock in a transaction that occurred on 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 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.
S&P Global Stock Up 0.1%
S&P Global (NYSE:SPGI – Get Free Report) last announced its earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, beating the consensus estimate 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 company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the company earned $4.37 EPS. The firm’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. Equities research analysts predict that S&P Global Inc. will post 19.61 earnings per share for the current year.
S&P Global Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is 24.56%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. The Goldman Sachs Group restated a “buy” rating on shares of S&P Global in a report on Tuesday, April 28th. Wells Fargo & Company dropped their price target on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. UBS Group restated a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Finally, Evercore reduced their price objective on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Eighteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $545.28.
Get Our Latest Research Report 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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