Man Group plc increased its holdings in S&P Global Inc. (NYSE:SPGI – Free Report) by 21.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 208,450 shares of the business services provider’s stock after acquiring an additional 36,267 shares during the quarter. Man Group plc’s holdings in S&P Global were worth $108,934,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Joseph Group Capital Management acquired a new position in shares of S&P Global in the 4th quarter valued at $29,000. North Star Investment Management Corp. increased its holdings in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 35 shares during the period. Palladiem LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $36,000. Palisade Asset Management LLC acquired a new position in shares of S&P Global in the 3rd quarter valued at $36,000. Finally, Ameriflex Group Inc. increased its holdings in shares of S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 48 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
SPGI has been the topic of a number of recent research reports. Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of S&P Global in a report on Tuesday, April 28th. UBS Group reiterated a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Morgan Stanley lifted their price objective on shares of S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group lifted their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Seventeen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $546.39.
Insiders Place Their Bets
In related news, CEO Catherine R. Clay bought 2,500 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the transaction, the chief executive officer owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Martina Cheung bought 2,322 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were bought at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the transaction, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. This represents a 9.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.
S&P Global Stock Performance
NYSE:SPGI opened at $417.85 on Thursday. The firm’s fifty day moving average price is $424.42 and its 200 day moving average price is $457.23. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. 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 firm has a market cap of $123.68 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.85 and a beta of 1.08.
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 earnings per share for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm posted $4.37 EPS. S&P Global’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. On average, sell-side analysts expect that S&P Global Inc. will post 19.61 EPS for the current year.
S&P Global Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, May 29th. S&P Global’s payout ratio is presently 24.56%.
S&P Global Company 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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