Sequoia Financial Advisors LLC Has $3.44 Million Stock Holdings in S&P Global Inc. $SPGI

Sequoia Financial Advisors LLC reduced its position in S&P Global Inc. (NYSE:SPGI) by 15.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 8,086 shares of the business services provider’s stock after selling 1,461 shares during the period. Sequoia Financial Advisors LLC’s holdings in S&P Global were worth $3,439,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. Morgan Stanley lowered their price target on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a research note on Saturday, July 4th. Royal Bank Of Canada lowered their target price on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Daiwa Securities Group dropped their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, UBS Group cut their price target on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Seventeen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $532.00.

S&P Global Stock Performance

Shares of SPGI stock opened at $438.09 on Tuesday. The stock has a market cap of $129.67 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08. The stock has a 50-day moving average of $419.44 and a 200-day moving average of $446.97. 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 Inc. has a one year low of $381.61 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the company earned $4.37 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, sell-side analysts expect that S&P Global Inc. will post 19.59 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s payout ratio is 24.56%.

Insider Activity

In other news, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the transaction, the chief executive officer directly owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Martina Cheung acquired 2,322 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were acquired at an average cost of $429.93 per share, for a total transaction 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 trade represents a 9.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 5,974 shares of company stock valued at $2,576,775 in the last quarter. Company insiders own 0.03% of the company’s stock.

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.