Danica Pension Livsforsikringsaktieselskab Sells 77,596 Shares of S&P Global Inc. $SPGI

Danica Pension Livsforsikringsaktieselskab lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 54.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,325 shares of the business services provider’s stock after selling 77,596 shares during the period. Danica Pension Livsforsikringsaktieselskab’s holdings in S&P Global were worth $27,360,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in S&P Global by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after acquiring an additional 117,728 shares during the last quarter. State Street Corp increased its stake in shares of S&P Global by 1.1% during the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after purchasing an additional 157,301 shares during the last quarter. TCI Fund Management Ltd. increased its stake in shares of S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after purchasing an additional 600,440 shares during the last quarter. Morgan Stanley increased its stake in shares of S&P Global by 3.3% during the 4th quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after purchasing an additional 263,051 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of S&P Global in the 4th quarter worth approximately $2,398,991,000. Institutional investors own 87.17% of the company’s stock.

Key S&P Global News

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Robert W. Baird raised its price target on S&P Global (SPGI) to $521 and kept an outperform rating, suggesting meaningful upside from current levels. Benzinga
• Positive Sentiment: JPMorgan also lifted its price target on SPGI to $555 and maintained an overweight rating, reinforcing a bullish analyst view. Benzinga
• Positive Sentiment: S&P Dow Jones Indices and Pantera Capital launched the S&P Pantera Digital Asset Index, a rules-based benchmark for institutional digital-asset investing that could strengthen S&P Global’s index business and credibility in crypto-related products. PR Newswire
• Neutral Sentiment: Recent commentary notes S&P Global’s upcoming earnings report is expected to show growth, but one preview said the company may not have the ideal setup for an earnings beat, keeping expectations mixed. Zacks
• Neutral Sentiment: Erste Group Bank reportedly cut FY2027 EPS estimates for SPGI, which adds some caution around longer-term earnings expectations. American Banking News
• Neutral Sentiment: Online value-investor chatter has been positive on SPGI, comparing it favorably with other high-profile names, but this is more sentiment than a fundamental catalyst. Insider Monkey

Insiders Place Their Bets

In related news, CEO Martina Cheung purchased 2,322 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average cost of $429.93 per share, with a total value of $998,297.46. Following the completion of the acquisition, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Catherine R. Clay purchased 2,500 shares of S&P Global stock in a transaction dated Friday, May 1st. The stock was bought at an average price 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 $1,078,475. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 5,974 shares of company stock worth $2,576,775 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SPGI shares. Royal Bank Of Canada dropped their price objective on S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. BMO Capital Markets raised their target price on S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Robert W. Baird boosted their target price on S&P Global from $520.00 to $521.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays dropped their price target on S&P Global from $565.00 to $555.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group cut their price target on S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Eighteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $533.59.

S&P Global Stock Performance

NYSE SPGI opened at $430.69 on Wednesday. The company’s 50 day moving average is $422.04 and its 200-day moving average is $443.53. S&P Global Inc. has a 12-month low of $381.61 and a 12-month 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 market cap of $127.48 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $4.82 by $0.15. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. S&P Global’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Sell-side analysts predict that S&P Global Inc. will post 19.47 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. 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 is currently 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.