Linscomb Wealth Inc. Purchases 1,920 Shares of S&P Global Inc. $SPGI

Linscomb Wealth Inc. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 223.3% during the fourth quarter, Holdings Channel reports. The fund owned 2,780 shares of the business services provider’s stock after acquiring an additional 1,920 shares during the period. Linscomb Wealth Inc.’s holdings in S&P Global were worth $1,453,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SPGI. Northwestern Mutual Wealth Management Co. boosted its stake in shares of S&P Global by 353.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 488,185 shares of the business services provider’s stock valued at $255,121,000 after purchasing an additional 380,603 shares during the last quarter. Credit Agricole S A bought a new position in S&P Global in the third quarter valued at approximately $180,503,000. Holocene Advisors LP lifted its stake in S&P Global by 79.8% in the third quarter. Holocene Advisors LP now owns 766,043 shares of the business services provider’s stock valued at $372,841,000 after buying an additional 339,947 shares in the last quarter. Wellington Management Group LLP lifted its stake in S&P Global by 4.6% in the third quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock valued at $3,033,003,000 after buying an additional 274,285 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in S&P Global in the fourth quarter valued at approximately $127,269,000. Institutional investors own 87.17% of the company’s stock.

Insider Activity at S&P Global

In other news, CEO Martina Cheung bought 2,322 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was acquired at an average cost of $429.93 per share, with a total value of $998,297.46. Following the completion of the purchase, the chief executive officer owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Catherine R. Clay bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the purchase, 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 position. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is owned by corporate insiders.

S&P Global Price Performance

NYSE SPGI opened at $423.86 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 12-month low of $381.61 and a 12-month high of $579.05. The company has a market capitalization of $125.46 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11. The firm’s 50 day moving average is $424.42 and its 200-day moving average is $464.04.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the company earned $4.37 earnings per share. The firm’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. Equities research analysts anticipate that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 29th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 24.56%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Bank of America assumed coverage on shares of S&P Global in a research note on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target on the stock. Royal Bank Of Canada cut their price target on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Stifel Nicolaus cut their price target on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Evercore cut their price target on shares of 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. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Seventeen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $546.39.

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.