S&P Global Inc. $SPGI Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 175,324 shares of the business services provider’s stock after selling 2,968 shares during the quarter. Royal London Asset Management Ltd.’s holdings in S&P Global were worth $91,623,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SPGI. Joseph Group Capital Management purchased a new position in shares of S&P Global in the 4th quarter worth $29,000. North Star Investment Management Corp. raised its position in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares during the period. Palladiem LLC purchased a new position in shares of S&P Global in the 4th quarter worth $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global in the 3rd quarter worth $36,000. Finally, Swiss RE Ltd. purchased a new position in shares of S&P Global in the 4th quarter worth $39,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Buying and Selling

In other news, CEO Catherine R. Clay purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the purchase, the chief executive officer 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 purchased at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the purchase, the director directly owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on SPGI shares. UBS Group reaffirmed a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Wells Fargo & Company cut their price objective on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. The Goldman Sachs Group reissued a “buy” rating on shares of S&P Global in a research report on Tuesday, April 28th. BMO Capital Markets raised their price objective on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Finally, Evercore cut their price objective on 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. Seventeen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $546.39.

S&P Global Stock Up 1.5%

Shares of NYSE SPGI opened at $419.53 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The firm has a market cap of $124.18 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.76 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The stock’s 50-day simple moving average is $424.82 and its 200-day simple moving average is $458.93.

S&P Global (NYSE:SPGI) last announced 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 for 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 company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, May 29th. S&P Global’s dividend payout ratio (DPR) is 24.56%.

S&P Global 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.