Corsair Capital Management L.P. Has $2.78 Million Position in S&P Global Inc. $SPGI

Corsair Capital Management L.P. lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 18.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,529 shares of the business services provider’s stock after selling 1,470 shares during the quarter. S&P Global accounts for about 0.4% of Corsair Capital Management L.P.’s investment portfolio, making the stock its 18th biggest position. Corsair Capital Management L.P.’s holdings in S&P Global were worth $2,777,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SPGI. Gateway Wealth Partners LLC bought a new stake in shares of S&P Global in the 1st quarter worth about $433,000. Weiss Asset Management LP bought a new stake in shares of S&P Global during the first quarter worth $11,443,000. OMERS ADMINISTRATION Corp raised its holdings in S&P Global by 1.0% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 341,247 shares of the business services provider’s stock worth $145,146,000 after purchasing an additional 3,318 shares during the last quarter. Lombard Odier Asset Management Europe Ltd raised its stake in shares of S&P Global by 4.5% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 49,578 shares of the business services provider’s stock worth $21,088,000 after buying an additional 2,129 shares during the last quarter. Finally, Aristotle Atlantic Partners LLC raised its position in shares of S&P Global by 0.5% during the 1st quarter. Aristotle Atlantic Partners LLC now owns 9,648 shares of the business services provider’s stock valued at $4,104,000 after acquiring an additional 44 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

NYSE SPGI opened at $426.19 on Monday. The firm has a 50-day moving average of $423.27 and a 200-day moving average of $441.46. 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 has a market cap of $126.15 billion, a PE ratio of 26.97, a P/E/G ratio of 2.16 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.

S&P Global (NYSE:SPGI) last announced its earnings results 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. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm posted $4.37 EPS. S&P Global’s 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 anticipate that S&P Global Inc. will post 18.37 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed 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 yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 24.56%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus upped their price target on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Daiwa Securities Group dropped their price target on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Wells Fargo & Company lowered their price objective 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. Evercore dropped their target price on S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of S&P Global from $535.00 to $555.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $533.59.

Insider Transactions at S&P Global

In other news, CEO Martina Cheung bought 2,322 shares of the stock in a transaction dated Wednesday, April 29th. The shares were bought at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the purchase, the chief executive officer owned 27,518 shares in the company, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Catherine R. Clay purchased 2,500 shares of the company’s stock in a transaction that occurred 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 acquisition, the chief executive officer owned 2,500 shares in the company, valued at $1,078,475. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 5,974 shares of company stock worth $2,576,775 over the last quarter. 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.