Fiera Capital Corp Lowers Holdings in S&P Global Inc. $SPGI

Fiera Capital Corp trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 13.6% in the 4th quarter, HoldingsChannel reports. The fund owned 644,019 shares of the business services provider’s stock after selling 101,727 shares during the quarter. S&P Global makes up approximately 1.1% of Fiera Capital Corp’s holdings, making the stock its 28th biggest holding. Fiera Capital Corp’s holdings in S&P Global were worth $336,558,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new position in S&P Global in the fourth quarter worth approximately $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 valued at $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC purchased a new stake in S&P Global in the fourth quarter valued at approximately $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global in the third quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. raised its position in S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 48 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.2%

S&P Global stock opened at $425.16 on Monday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The stock’s fifty day simple moving average is $424.53 and its 200-day simple moving average is $461.19. 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 has a market capitalization of $125.85 billion, a P/E ratio of 26.91, a P/E/G ratio of 1.81 and a beta of 1.08.

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 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 business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the company earned $4.37 earnings per share. The company’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. As a group, equities analysts expect that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is currently 24.56%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Rothschild & Co Redburn cut their target price on S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. Wells Fargo & Company cut their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. BMO Capital Markets boosted their target price on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Daiwa Securities Group cut their target price on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Finally, Bank of America assumed coverage on S&P Global in a research report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price on the stock. Seventeen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $546.39.

Insider Transactions at S&P Global

In related news, CEO Martina Cheung acquired 2,322 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were acquired at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the transaction, the chief executive officer owned 27,518 shares of the company’s stock, valued at $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Catherine R. Clay acquired 2,500 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the transaction, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. This trade represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is currently owned by company insiders.

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.