Unisphere Establishment Purchases 130,050 Shares of S&P Global Inc. $SPGI

Unisphere Establishment grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,130,050 shares of the business services provider’s stock after buying an additional 130,050 shares during the quarter. S&P Global comprises about 7.6% of Unisphere Establishment’s investment portfolio, making the stock its 4th largest position. Unisphere Establishment’s holdings in S&P Global were worth $905,995,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $29,000. North Star Investment Management Corp. lifted its stake in 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 purchasing an additional 35 shares during the last quarter. Palladiem LLC bought a new position in S&P Global during the fourth quarter worth $36,000. Palisade Asset Management LLC bought a new position in S&P Global during the third quarter worth $36,000. Finally, Swiss RE Ltd. acquired a new position in S&P Global in the fourth quarter worth $39,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on SPGI shares. BMO Capital Markets boosted their target price on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a report on Saturday, July 4th. Stifel Nicolaus boosted their price objective on shares of S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Finally, Daiwa Securities Group dropped their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $533.59.

S&P Global Trading Up 1.5%

NYSE:SPGI opened at $426.19 on Friday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The firm has a market capitalization of $126.15 billion, a P/E ratio of 26.97, a P/E/G ratio of 2.13 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50 day simple moving average of $423.27 and a 200 day simple moving average of $442.10.

S&P Global (NYSE:SPGI) last issued 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 return on equity of 17.26% and a net margin of 30.37%.The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the business earned $4.37 EPS. 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 predict that S&P Global Inc. will post 18.37 EPS for the current 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 given a dividend of $0.97 per share. 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 dividend payout ratio is currently 24.56%.

Insider Buying and Selling

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

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.