45,465 Shares in S&P Global Inc. $SPGI Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in S&P Global Inc. (NYSE:SPGI) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 45,465 shares of the business services provider’s stock, valued at approximately $19,338,000. S&P Global accounts for approximately 0.4% of Y Intercept Hong Kong Ltd’s holdings, making the stock its 24th biggest position.

A number of other hedge funds have also recently modified their holdings of SPGI. YANKCOM Partnership grew its position in shares of S&P Global by 7.9% in the 4th quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock worth $135,000 after buying an additional 19 shares during the period. LeConte Wealth Management LLC lifted its position in S&P Global by 4.1% during the 4th quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 20 shares during the period. Elwood & Goetz Wealth Advisory Group LLC lifted its position in S&P Global by 3.3% during the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock valued at $330,000 after acquiring an additional 20 shares during the period. Steigerwald Gordon & Koch Inc. boosted its stake in S&P Global by 15.6% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock worth $77,000 after acquiring an additional 20 shares in the last quarter. Finally, Embree Financial Group boosted its stake in S&P Global by 2.0% during the fourth quarter. Embree Financial Group now owns 1,090 shares of the business services provider’s stock worth $570,000 after acquiring an additional 21 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SPGI shares. Daiwa Securities Group decreased their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Rothschild & Co Redburn dropped their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Morgan Stanley upped their price target on S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Mizuho raised their price objective on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their price objective on S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Seventeen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $540.65.

S&P Global Stock Performance

Shares of SPGI stock opened at $438.31 on Friday. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The company’s 50-day moving average is $419.44 and its 200 day moving average is $450.59. The company has a market capitalization of $129.74 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 1.77 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.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. S&P Global’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Sell-side analysts expect that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given 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 dividend payout ratio (DPR) is 24.56%.

Insider Buying and Selling

In other S&P Global news, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the transaction, the chief executive officer owned 2,500 shares of the company’s stock, valued at $1,078,475. The trade was a ? increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the transaction, the director directly owned 1,152 shares in the company, valued at $500,002.56. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 5,974 shares of company stock worth $2,576,775 in the last three months. 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.