HB Wealth Management LLC Lowers Stock Holdings in S&P Global Inc. $SPGI

HB Wealth Management LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 16.5% during the first quarter, Holdings Channel.com reports. The fund owned 16,495 shares of the business services provider’s stock after selling 3,268 shares during the quarter. HB Wealth Management LLC’s holdings in S&P Global were worth $7,016,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Leelyn Smith LLC purchased a new stake in shares of S&P Global in the first quarter valued at approximately $3,323,000. PFG Investments LLC grew its stake in S&P Global by 38.5% in the first quarter. PFG Investments LLC now owns 6,223 shares of the business services provider’s stock worth $2,647,000 after purchasing an additional 1,730 shares in the last quarter. Baer Investment Advisory LLC purchased a new position in S&P Global during the 1st quarter worth $413,000. Turtle Creek Wealth Advisors LLC increased its holdings in S&P Global by 32.6% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 18,949 shares of the business services provider’s stock worth $8,060,000 after purchasing an additional 4,655 shares during the period. Finally, Private Advisor Group LLC raised its position in S&P Global by 13.8% during the 1st quarter. Private Advisor Group LLC now owns 12,941 shares of the business services provider’s stock valued at $5,504,000 after purchasing an additional 1,573 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $438.31 on Friday. The company has a market capitalization of $129.74 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $419.23 and a 200 day moving average of $450.50.

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, beating the consensus estimate of $4.82 by $0.15. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $4.37 EPS. 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 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SPGI shares. Mizuho upped their target price on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Rothschild & Co Redburn cut their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Weiss Ratings downgraded S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Jefferies Financial Group upped their price objective on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company dropped their target price on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Seventeen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $540.65.

Insider Activity at S&P Global

In other news, CEO Martina Cheung bought 2,322 shares of S&P Global stock in a transaction on Wednesday, April 29th. The stock was acquired at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the acquisition, the chief executive officer owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Catherine R. Clay purchased 2,500 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $431.39 per share, with a total value 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 approximately $1,078,475. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 5,974 shares of company stock valued at $2,576,775 over the last quarter. 0.03% of the stock is owned by corporate insiders.

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.