Hilton Head Capital Partners LLC Acquires Shares of 1,562 S&P Global Inc. $SPGI

Hilton Head Capital Partners LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGIFree Report) during the 4th quarter, HoldingsChannel reports. The firm acquired 1,562 shares of the business services provider’s stock, valued at approximately $816,000.

Several other large investors have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of S&P Global during the 4th quarter worth $2,398,991,000. Capital International Investors raised its stake in shares of S&P Global by 43.6% during the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after purchasing an additional 922,433 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of S&P Global by 353.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 488,185 shares of the business services provider’s stock worth $255,121,000 after purchasing an additional 380,603 shares during the period. Credit Agricole S A bought a new stake in shares of S&P Global during the 3rd quarter worth $180,503,000. Finally, Holocene Advisors LP raised its stake in shares of S&P Global by 79.8% during the 3rd quarter. Holocene Advisors LP now owns 766,043 shares of the business services provider’s stock worth $372,841,000 after purchasing an additional 339,947 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 0.2%

Shares of S&P Global stock opened at $425.16 on Monday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The stock’s 50-day simple moving average is $424.53 and its 200 day simple moving average is $461.19. The stock has a market capitalization of $125.85 billion, a P/E ratio of 26.91, a P/E/G ratio of 1.81 and a beta of 1.08. 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 (NYSE:SPGIGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the business posted $4.37 EPS. The firm’s quarterly 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. As a group, research analysts anticipate that S&P Global Inc. will post 19.61 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. Investors of record on Friday, May 29th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, May 29th. S&P Global’s payout ratio is currently 24.56%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their target price on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Robert W. Baird set a $546.00 target price on S&P Global in a research note on Wednesday, February 11th. Bank of America initiated coverage on S&P Global in a research note on Tuesday, February 17th. They set a “buy” rating and a $575.00 target price on the stock. Evercore lowered their target price on 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. Finally, Wells Fargo & Company lowered their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Seventeen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $546.39.

View Our Latest Research Report on S&P Global

Insider Activity at S&P Global

In related news, CEO Martina Cheung bought 2,322 shares of S&P Global stock in a transaction on Wednesday, April 29th. The stock was acquired at an average price of $429.93 per share, with a total value of $998,297.46. Following the acquisition, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the acquisition, the chief executive officer directly owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 5,974 shares of company stock worth $2,576,775. Company insiders own 0.03% of the company’s stock.

S&P Global Company 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.

Further Reading

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)

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.