Amica Mutual Insurance Co. boosted its position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 30.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 15,054 shares of the business services provider’s stock after buying an additional 3,511 shares during the quarter. Amica Mutual Insurance Co.’s holdings in S&P Global were worth $7,867,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of SPGI. Jones Financial Companies Lllp raised its holdings in shares of S&P Global by 17.7% in the third quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock valued at $32,541,000 after acquiring an additional 10,044 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in shares of S&P Global by 324.8% in the third quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock valued at $13,673,000 after acquiring an additional 21,481 shares in the last quarter. Troy Asset Management Ltd raised its holdings in shares of S&P Global by 26.2% in the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after acquiring an additional 8,652 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of S&P Global by 3.3% in the third quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock valued at $456,656,000 after acquiring an additional 30,080 shares in the last quarter. Finally, Collier Financial bought a new stake in shares of S&P Global in the third quarter valued at about $2,865,000. 87.17% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
SPGI has been the subject of a number of recent research reports. 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 report on Wednesday, May 20th. Morgan Stanley boosted their target price on shares of S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Barclays reiterated an “overweight” rating and issued a $565.00 target price on shares of S&P Global in a report on Monday, February 23rd. Bank of America initiated coverage on shares of S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price for the company. Finally, Wells Fargo & Company reduced their target price on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Seventeen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $546.39.
Insider Buying and Selling
In other news, Director Robert Edward Jr. Moritz bought 1,152 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the acquisition, 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Martina Cheung acquired 2,322 shares of the firm’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 purchase, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is currently owned by insiders.
S&P Global Trading Up 1.5%
Shares of NYSE:SPGI opened at $423.86 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The firm has a market capitalization of $125.46 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. The business’s 50 day moving average price is $424.42 and its 200-day moving average price is $464.04.
S&P Global (NYSE:SPGI – Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the company earned $4.37 EPS. The firm’s revenue 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. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 29th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 29th. S&P Global’s dividend payout ratio (DPR) is presently 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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