S&P Global Inc. $SPGI Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.8% during the 4th quarter, HoldingsChannel reports. The firm owned 62,477 shares of the business services provider’s stock after purchasing an additional 2,280 shares during the quarter. IFM Investors Pty Ltd’s holdings in S&P Global were worth $32,650,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Joseph Group Capital Management acquired a new position in shares of S&P Global during the 4th quarter worth approximately $29,000. North Star Investment Management Corp. boosted its holdings in shares of S&P Global by 134.6% during the 4th 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 acquired a new position in shares of S&P Global during the 4th quarter worth approximately $36,000. Palisade Asset Management LLC acquired a new position in S&P Global in the third quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. lifted its holdings 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 acquiring an additional 48 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 3.0%

S&P Global stock opened at $413.71 on Friday. The firm has a market capitalization of $122.46 billion, a P/E ratio of 26.18, a P/E/G ratio of 1.82 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. 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 $424.96 and its 200-day simple moving average is $459.21.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.08 billion. During the same period in the previous year, the firm posted $4.37 EPS. S&P Global’s revenue for the quarter 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 declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, May 29th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio is 24.56%.

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the acquisition, the director directly owned 1,152 shares in the company, valued at $500,002.56. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Martina Cheung purchased 2,322 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were bought at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the acquisition, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 5,974 shares of company stock worth $2,576,775 in the last quarter. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SPGI. Rothschild & Co Redburn lowered their price objective on S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Evercore reduced 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, Bank of America started 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. Seventeen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $546.39.

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.