QRG Capital Management Inc. boosted its stake in S&P Global Inc. (NYSE:SPGI – Free Report) by 114.1% in the first quarter, HoldingsChannel reports. The firm owned 52,831 shares of the business services provider’s stock after acquiring an additional 28,151 shares during the period. QRG Capital Management Inc.’s holdings in S&P Global were worth $22,471,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Joseph Group Capital Management purchased a new position in S&P Global during the fourth quarter valued at $29,000. North Star Investment Management Corp. grew its holdings in 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 period. Palladiem LLC purchased a new stake in S&P Global in the fourth quarter worth about $36,000. Palisade Asset Management LLC bought a new position in shares of S&P Global in the third quarter worth about $36,000. Finally, Swiss RE Ltd. purchased a new position in shares of S&P Global during the 4th quarter valued at about $39,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.
S&P Global Stock Down 0.4%
Shares of SPGI opened at $438.31 on Friday. The business’s 50 day moving average is $419.23 and its 200 day moving average is $450.50. The company has a market capitalization of $129.74 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34.
S&P Global Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is currently 24.56%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on SPGI. Weiss Ratings downgraded S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Wells Fargo & Company lowered 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 report on Monday, April 13th. Jefferies Financial Group upped their price target on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Daiwa Securities Group decreased their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Seventeen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $540.65.
Read Our Latest Report on S&P Global
Insider Activity at S&P Global
In related news, CEO Catherine R. Clay purchased 2,500 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were acquired 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 directly owned 2,500 shares in the company, valued at $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 acquired 1,152 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $434.03 per share, with a total value of $500,002.56. Following the acquisition, the director directly owned 1,152 shares in the company, valued at approximately $500,002.56. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 5,974 shares of company stock valued at $2,576,775. Corporate insiders own 0.03% of the company’s stock.
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.
Read More
- Five stocks we like better than S&P Global
- AST SpaceMobile’s Japan Catalyst Puts Its Rollout Story Back in Focus
- Gold and Silver Recovery—3 Precious Metals Stocks for H2 2026
- Klarna’s Google Court Win Could Give Its BNPL Story a Needed Cash Catalyst
- Why Kroger’s Giant Eagle Deal Could Change Everything
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:SPGI – Free Report).
Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.
