Pictet Asset Management Holding SA trimmed its position in S&P Global Inc. (NYSE:SPGI – Free Report) by 14.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 176,065 shares of the business services provider’s stock after selling 29,577 shares during the period. Pictet Asset Management Holding SA’s holdings in S&P Global were worth $74,881,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in SPGI. Joseph Group Capital Management bought a new position in shares of S&P Global during the fourth quarter valued at about $29,000. North Star Investment Management Corp. grew its stake in shares of 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 worth $32,000 after purchasing an additional 35 shares during the last quarter. Palladiem LLC bought a new stake in shares of S&P Global in the fourth quarter worth about $36,000. Palisade Asset Management LLC purchased a new position in S&P Global during the 3rd quarter valued at about $36,000. Finally, Ameriflex Group Inc. increased its holdings in S&P Global by 171.4% during the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.
Insider Activity
In other S&P Global news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the firm’s 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 purchase, the director directly owned 1,152 shares in the company, valued at $500,002.56. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Catherine R. Clay purchased 2,500 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the transaction, the chief executive officer owned 2,500 shares in the company, valued at $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Report on SPGI
S&P Global Stock Up 0.2%
Shares of NYSE:SPGI opened at $408.87 on Tuesday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The firm has a market capitalization of $121.03 billion, a P/E ratio of 25.88, a P/E/G ratio of 1.74 and a beta of 1.08. The stock has a 50 day moving average price of $420.80 and a 200-day moving average price of $452.19. 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:SPGI – Get Free Report) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 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 company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the business posted $4.37 EPS. The firm’s revenue for the quarter 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, equities research analysts anticipate that S&P Global Inc. will post 19.61 EPS for the current fiscal year.
S&P Global Dividend Announcement
The company 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 dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 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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