S&P Global Inc. $SPGI Shares Purchased by State Street Corp

State Street Corp increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 14,259,690 shares of the business services provider’s stock after acquiring an additional 157,301 shares during the period. State Street Corp’s holdings in S&P Global were worth $7,451,971,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in S&P Global by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock worth $15,873,340,000 after acquiring an additional 117,728 shares in the last quarter. Wellington Management Group LLP lifted its stake in S&P Global by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock worth $3,033,003,000 after acquiring an additional 274,285 shares in the last quarter. Norges Bank acquired a new position in S&P Global during the 4th quarter worth about $2,398,991,000. Capital International Investors lifted its stake in S&P Global by 43.6% during the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after acquiring an additional 922,433 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in S&P Global by 3.2% during the 3rd quarter. Legal & General Group Plc now owns 2,202,872 shares of the business services provider’s stock worth $1,072,160,000 after acquiring an additional 67,868 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Evercore decreased their target price on S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. BMO Capital Markets increased their target price on S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Bank of America assumed coverage on S&P Global in a report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price target on the stock. Finally, Daiwa Securities Group cut their price target on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Seventeen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $546.39.

S&P Global Trading Up 1.5%

SPGI opened at $419.53 on Friday. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The company has a market cap of $124.18 billion, a P/E ratio of 26.55, a PEG ratio of 1.76 and a beta of 1.08. 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 business’s 50-day simple moving average is $424.82 and its 200-day simple moving average is $458.93.

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, 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 business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the business posted $4.37 EPS. 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, equities research analysts expect that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were issued a $0.97 dividend. The ex-dividend date was Friday, May 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is presently 24.56%.

Insider Activity

In other S&P Global news, CEO Catherine R. Clay acquired 2,500 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Martina Cheung acquired 2,322 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was acquired at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the acquisition, the chief executive officer owned 27,518 shares in the company, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is currently owned by insiders.

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.