Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 680,147 shares of the business services provider’s stock after selling 37,602 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in S&P Global were worth $289,294,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in SPGI. YANKCOM Partnership increased its holdings in S&P Global by 7.9% in the 4th quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock worth $135,000 after acquiring an additional 19 shares in the last quarter. LeConte Wealth Management LLC lifted its holdings in S&P Global by 4.1% during the fourth quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 20 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC lifted its holdings in S&P Global by 3.3% during the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 20 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its position in shares of S&P Global by 15.6% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 20 shares during the period. Finally, Embree Financial Group grew its position in shares of S&P Global by 2.0% in the fourth quarter. Embree Financial Group now owns 1,090 shares of the business services provider’s stock valued at $570,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.
S&P Global News Roundup
Here are the key news stories impacting S&P Global this week:
- Positive Sentiment: BMO Capital Markets raised its price target to $505 and reiterated an outperform rating, indicating continued confidence in S&P Global’s longer-term earnings power. Benzinga report
- Positive Sentiment: JPMorgan kept an overweight rating and still sees upside, despite cutting its target to $535 from $550. Benzinga report
- Positive Sentiment: Barclays, Morgan Stanley, UBS, and RBC all maintained bullish views on SPGI, with revised targets ranging from $510 to $555, suggesting analysts still expect the stock to recover from current levels. Benzinga report
- Neutral Sentiment: Coverage highlighted conflicting analyst sentiment on S&P Global and Bank of Nova Scotia, which adds noise but does not signal a major change in fundamentals. The Globe and Mail article
- Neutral Sentiment: Reports on leadership and operations changes, plus the Mobility spin-off and Market Intelligence rework, point to ongoing strategic restructuring that could improve focus over time but may create short-term uncertainty. Yahoo Finance leadership article Yahoo Finance spin-off article
Analyst Ratings Changes
View Our Latest Report on S&P Global
S&P Global Trading Down 2.8%
Shares of SPGI opened at $430.93 on Thursday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The stock has a market cap of $127.56 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 1.89 and a beta of 1.08. The firm’s fifty day moving average is $419.40 and its two-hundred day moving average is $448.79. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.
S&P Global (NYSE:SPGI – Get Free Report) last issued 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. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Research analysts forecast that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.
S&P Global Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is currently 24.56%.
Insider Buying and Selling at S&P Global
In related news, CEO Catherine R. Clay bought 2,500 shares of the stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $431.39 per share, for a total transaction 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 trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the stock in a transaction dated Thursday, April 30th. The shares were bought at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares in the company, valued at approximately $500,002.56. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 5,974 shares of company stock worth $2,576,775. Insiders own 0.03% of the company’s stock.
About S&P Global
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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