Bluegrass Capital Partners LP increased its stake in S&P Global Inc. (NYSE:SPGI – Free Report) by 28.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,000 shares of the business services provider’s stock after buying an additional 6,000 shares during the quarter. S&P Global comprises 8.4% of Bluegrass Capital Partners LP’s portfolio, making the stock its 7th largest position. Bluegrass Capital Partners LP’s holdings in S&P Global were worth $14,110,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the business. Jones Financial Companies Lllp grew its position in shares of S&P Global by 17.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock worth $32,541,000 after acquiring an additional 10,044 shares in the last quarter. Prime Capital Investment Advisors LLC grew its position in shares of S&P Global by 324.8% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock worth $13,673,000 after acquiring an additional 21,481 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of S&P Global by 3.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock worth $456,656,000 after acquiring an additional 30,080 shares in the last quarter. Collier Financial acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $2,865,000. Finally, Candriam S.C.A. boosted its position in S&P Global by 13.4% during the 3rd quarter. Candriam S.C.A. now owns 124,659 shares of the business services provider’s stock valued at $60,673,000 after purchasing an additional 14,700 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.
Insider Activity
In other news, Director Robert Edward Jr. Moritz bought 1,152 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the purchase, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Martina Cheung bought 2,322 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were purchased at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the acquisition, the chief executive officer owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This trade represents a 9.22% 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 90 days. 0.03% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Get Our Latest Stock Report on S&P Global
S&P Global Trading Up 0.7%
Shares of SPGI stock opened at $418.58 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The stock has a fifty day moving average of $425.23 and a two-hundred day moving average of $466.77. The firm has a market capitalization of $123.90 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11.
S&P Global (NYSE:SPGI – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm posted $4.37 EPS. The firm’s quarterly 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. As a group, research analysts expect that S&P Global Inc. will post 19.59 EPS for the current year.
S&P Global Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th will be issued a $0.97 dividend. The ex-dividend date is Friday, May 29th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is 24.56%.
S&P Global 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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