Praxis Investment Management Inc. Purchases 1,204 Shares of S&P Global Inc. $SPGI

Praxis Investment Management Inc. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 32.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,938 shares of the business services provider’s stock after purchasing an additional 1,204 shares during the period. Praxis Investment Management Inc.’s holdings in S&P Global were worth $2,100,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management bought a new position in S&P Global during the fourth quarter valued at about $29,000. North Star Investment Management Corp. raised its position in S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after acquiring an additional 35 shares during the period. Palladiem LLC purchased a new position in S&P Global in the fourth quarter valued at about $36,000. Palisade Asset Management LLC purchased a new position in S&P Global in the third quarter valued at about $36,000. Finally, Swiss RE Ltd. bought a new position in shares of S&P Global during the 4th quarter valued at approximately $39,000. 87.17% of the stock is currently owned by institutional investors.

Insider Activity at S&P Global

In related news, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the acquisition, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at $1,078,475. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were bought at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the transaction, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by company insiders.

S&P Global Stock Performance

Shares of SPGI stock opened at $438.31 on Friday. The stock has a market capitalization of $129.74 billion, a P/E ratio of 27.74, a PEG ratio of 1.88 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $419.23 and its 200 day moving average is $450.50. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05.

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. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm earned $4.37 EPS. S&P Global’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. On average, sell-side analysts anticipate that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a $0.97 dividend. 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 payout ratio is 24.56%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SPGI. Evercore decreased their price target on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Wells Fargo & Company reduced their price objective on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, April 13th. JPMorgan Chase & Co. raised their target price on S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group upped their price target on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Seventeen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $540.65.

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.