Diversify Wealth Management LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 280.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,485 shares of the business services provider’s stock after purchasing an additional 1,832 shares during the quarter. Diversify Wealth Management LLC’s holdings in S&P Global were worth $1,077,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in SPGI. Brighton Jones LLC boosted its stake in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after buying an additional 75 shares during the last quarter. Neuberger Berman Group LLC boosted its position in S&P Global by 5.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock worth $893,511,000 after buying an additional 88,526 shares during the period. Jump Financial LLC bought a new stake in S&P Global during the 2nd quarter worth approximately $552,000. Finally, Main Street Financial Solutions LLC increased its position in S&P Global by 17.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock valued at $1,694,000 after acquiring an additional 472 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.
Insiders Place Their Bets
In related news, Director Robert Edward Jr. Moritz acquired 1,152 shares of S&P Global stock in a transaction dated 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 transaction, the director directly owned 1,152 shares in the company, valued at $500,002.56. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Martina Cheung acquired 2,322 shares of the stock in a transaction dated Wednesday, April 29th. The stock was bought at an average price of $429.93 per share, with a total value of $998,297.46. Following the purchase, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, 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
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, topping the consensus estimate of $4.82 by $0.15. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, analysts expect that S&P Global Inc. will post 19.49 earnings per share for the current year.
S&P Global Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued 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 Wednesday, August 26th. S&P Global’s payout ratio is presently 24.56%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $550.00 to $535.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Royal Bank Of Canada decreased their price objective on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Bank of America lowered their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Daiwa Securities Group cut their target price on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Seventeen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $532.00.
Check Out Our Latest Research Report on S&P Global
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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