S&P Global Inc. $SPGI Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its position in S&P Global Inc. (NYSE:SPGI) by 4.6% in the 4th quarter, Holdings Channel reports. The fund owned 144,896 shares of the business services provider’s stock after selling 6,932 shares during the period. TD Asset Management Inc’s holdings in S&P Global were worth $75,721,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SPGI. Norges Bank acquired a new stake in shares of S&P Global in the 4th quarter worth $2,398,991,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of S&P Global by 353.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 488,185 shares of the business services provider’s stock worth $255,121,000 after acquiring an additional 380,603 shares during the period. Credit Agricole S A acquired a new stake in shares of S&P Global in the 3rd quarter worth $180,503,000. Holocene Advisors LP lifted its stake in shares of S&P Global by 79.8% in the 3rd quarter. Holocene Advisors LP now owns 766,043 shares of the business services provider’s stock worth $372,841,000 after acquiring an additional 339,947 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of S&P Global by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock worth $3,033,003,000 after acquiring an additional 274,285 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Catherine R. Clay purchased 2,500 shares of S&P Global stock in a transaction on Friday, May 1st. The shares were bought at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the acquisition, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of S&P Global stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the acquisition, the director directly owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 5,974 shares of company stock valued at $2,576,775 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SPGI shares. Royal Bank Of Canada reduced their target price on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. BMO Capital Markets raised their price objective on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Rothschild & Co Redburn reduced their price objective on shares of S&P Global from $585.00 to $540.00 in a research note on Thursday, May 7th. Bank of America assumed coverage on shares of S&P Global in a research note on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price objective for the company. Finally, Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Seventeen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $546.39.

S&P Global Stock Up 1.2%

Shares of NYSE SPGI opened at $425.16 on Friday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The company has a market capitalization of $125.85 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. 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’s 50-day moving average is $424.53 and its two-hundred day moving average is $461.38.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm earned $4.37 earnings per share. The company’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. Equities analysts anticipate that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 29th. S&P Global’s dividend payout ratio is 24.56%.

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.