S&P Global Inc. $SPGI Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its position in S&P Global Inc. (NYSE:SPGIFree Report) by 8.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 22,912 shares of the business services provider’s stock after selling 2,136 shares during the period. Kestra Private Wealth Services LLC’s holdings in S&P Global were worth $9,745,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SPGI. Joseph Group Capital Management acquired a new position in S&P Global during the fourth quarter worth approximately $29,000. North Star Investment Management Corp. lifted its stake in S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after buying an additional 35 shares during the last quarter. Palladiem LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $36,000. Palisade Asset Management LLC acquired a new stake in shares of S&P Global in the third quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. grew its position in shares of S&P Global by 171.4% during the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after acquiring an additional 48 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other S&P Global news, Director Robert Edward Jr. Moritz bought 1,152 shares of S&P Global stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares in the company, valued at $500,002.56. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, 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. Over the last quarter, insiders acquired 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by corporate insiders.

S&P Global Price Performance

Shares of SPGI opened at $395.41 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $421.79 and its two-hundred day moving average is $453.35. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The firm has a market capitalization of $117.04 billion, a PE ratio of 25.03, a P/E/G ratio of 1.72 and a beta of 1.08.

S&P Global (NYSE:SPGIGet Free Report) last issued its 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. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Research analysts anticipate that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 1.0%. S&P Global’s dividend payout ratio is presently 24.56%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Rothschild & Co Redburn cut their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Jefferies Financial Group increased 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 note on Monday, April 27th. Evercore lowered their price objective on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Daiwa Securities Group dropped 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 note on Wednesday, May 20th. Finally, Mizuho upped their target price on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Eighteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $545.28.

View Our Latest Stock Report on S&P Global

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

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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