S&P Global Inc. $SPGI Shares Bought by Morningstar Investment Management LLC

Morningstar Investment Management LLC grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 41.5% in the first quarter, Holdings Channel reports. The institutional investor owned 11,603 shares of the business services provider’s stock after buying an additional 3,401 shares during the period. Morningstar Investment Management LLC’s holdings in S&P Global were worth $4,935,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new stake in shares of S&P Global in the fourth quarter valued at about $29,000. North Star Investment Management Corp. increased its stake in shares of S&P Global by 134.6% during 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 during the fourth quarter worth about $36,000. Palisade Asset Management LLC purchased a new position in S&P Global during the third quarter worth about $36,000. Finally, Swiss RE Ltd. acquired a new stake in S&P Global in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In other news, CEO Martina Cheung purchased 2,322 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were 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 directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the acquisition, the director owned 1,152 shares in the company, valued at approximately $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 5,974 shares of company stock valued at $2,576,775 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their price objective on S&P Global from $520.00 to $521.00 and gave the company an “outperform” rating in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Morgan Stanley reduced their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Rothschild & Co Redburn decreased their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Finally, 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 report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $533.59.

S&P Global Stock Up 1.5%

Shares of NYSE SPGI opened at $426.19 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The firm has a 50-day moving average price of $423.27 and a 200 day moving average price of $442.10. The stock has a market capitalization of $126.15 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.13 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 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 for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $4.37 earnings per share. The firm’s revenue 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. Equities research analysts anticipate that S&P Global Inc. will post 18.37 EPS for the current fiscal year.

S&P Global Dividend Announcement

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 paid a dividend of $0.97 per share. 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%.

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.