Candriam S.C.A. Trims Position in S&P Global Inc. $SPGI

Candriam S.C.A. decreased its position in S&P Global Inc. (NYSE:SPGI) by 15.8% during the first quarter, Holdings Channel reports. The fund owned 156,430 shares of the business services provider’s stock after selling 29,276 shares during the period. Candriam S.C.A.’s holdings in S&P Global were worth $66,536,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Joseph Group Capital Management bought a new stake in shares of S&P Global during the 4th quarter valued at about $29,000. North Star Investment Management Corp. lifted its stake in shares of S&P Global by 134.6% in 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 period. Palladiem LLC purchased a new position in shares of S&P Global in the fourth quarter worth approximately $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global in the third quarter worth approximately $36,000. Finally, Swiss RE Ltd. bought a new stake in S&P Global during the fourth quarter valued at approximately $39,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SPGI shares. Bank of America decreased their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday. The Goldman Sachs Group cut their price objective on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Mizuho raised their target price on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. BMO Capital Markets lifted their target price on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Wall Street Zen raised S&P Global to a “hold” rating in a report on Saturday, July 4th. Seventeen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $532.00.

Insider Buying and Selling

In other S&P Global news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average cost of $434.03 per share, with a total value of $500,002.56. Following the acquisition, the director owned 1,152 shares in the company, valued at approximately $500,002.56. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Martina Cheung purchased 2,322 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was acquired at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the purchase, the chief executive officer directly 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 disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 5,974 shares of company stock valued at $2,576,775. Corporate insiders own 0.03% of the company’s stock.

S&P Global Price Performance

NYSE SPGI opened at $430.15 on Friday. 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 12 month low of $381.61 and a 12 month high of $579.05. The stock has a market cap of $127.32 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.85 and a beta of 1.08. The company’s 50 day moving average is $419.31 and its two-hundred day moving average is $448.10.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, research analysts anticipate that S&P Global Inc. will post 19.59 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is 24.56%.

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.