Leelyn Smith LLC Purchases New Shares in S&P Global Inc. $SPGI

Leelyn Smith LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 1st quarter, Holdings Channel.com reports. The fund acquired 7,813 shares of the business services provider’s stock, valued at approximately $3,323,000.

A number of other institutional investors also recently bought and sold shares of the business. Joseph Group Capital Management purchased a new stake in shares of S&P Global in the fourth quarter valued at about $29,000. North Star Investment Management Corp. increased its position in 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 valued at $32,000 after acquiring an additional 35 shares during the period. Palladiem LLC acquired a new position in S&P Global in the 4th quarter valued at about $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global during the 3rd quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. raised its stake 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 acquiring an additional 48 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SPGI. UBS Group reiterated a “buy” rating on shares of S&P Global in a research note on Wednesday, May 27th. JPMorgan Chase & Co. increased their price target on S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research report on Saturday. 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. Finally, Mizuho upped their price objective on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $540.65.

S&P Global Stock Down 0.4%

S&P Global stock opened at $438.31 on Friday. The stock’s 50 day moving average price is $419.23 and its 200 day moving average price is $450.50. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The company has a market cap of $129.74 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.88 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.

S&P Global (NYSE:SPGI) 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 the consensus estimate of $4.08 billion. During the same quarter last year, the company earned $4.37 earnings per share. S&P Global’s quarterly revenue 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. On average, sell-side analysts predict that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business 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 $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 24.56%.

Insider Activity at S&P Global

In related news, CEO Catherine R. Clay bought 2,500 shares of the stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the transaction, the chief executive officer owned 2,500 shares of the company’s stock, valued at $1,078,475. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares of the company’s stock, valued at $500,002.56. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 5,974 shares of company stock worth $2,576,775 over the last 90 days. Company insiders own 0.03% of the company’s stock.

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.