S&P Global Inc. $SPGI Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI raised its position in S&P Global Inc. (NYSE:SPGI) by 5.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 25,850 shares of the business services provider’s stock after purchasing an additional 1,374 shares during the period. Citizens Financial Group Inc. RI’s holdings in S&P Global were worth $10,995,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SPGI. Norges Bank purchased a new position in shares of S&P Global in the 4th quarter valued at approximately $2,398,991,000. Cardano Risk Management B.V. lifted its holdings in shares of S&P Global by 858.3% during the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after purchasing an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. grew its position in S&P Global by 2,256.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock valued at $755,996,000 after buying an additional 1,385,249 shares during the last quarter. Capital International Investors increased its stake in S&P Global by 43.6% in the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock valued at $1,587,910,000 after buying an additional 922,433 shares during the period. Finally, TCI Fund Management Ltd. increased its stake in S&P Global by 5.4% in the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after buying an additional 600,440 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPGI. Barclays dropped their price target on shares of S&P Global from $565.00 to $555.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. JPMorgan Chase & Co. cut their target price on S&P Global from $550.00 to $535.00 and set an “overweight” rating for the company in a research note on Wednesday. Mizuho lifted their price target on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada reduced their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Seventeen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $532.00.

Insider Activity

In other S&P Global news, CEO Martina Cheung acquired 2,322 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was acquired at an average cost of $429.93 per share, with a total value of $998,297.46. Following the purchase, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the purchase, the chief executive officer owned 2,500 shares in the company, valued at $1,078,475. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 5,974 shares of company stock worth $2,576,775 over the last ninety days. 0.03% of the stock is currently owned by insiders.

S&P Global Price Performance

SPGI stock traded down $2.81 during midday trading on Friday, hitting $430.15. 1,320,839 shares of the stock were exchanged, compared to its average volume of 2,504,758. The stock’s 50-day moving average price is $419.31 and its 200-day moving average price is $448.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $127.32 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.84 and a beta of 1.08. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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 analysts’ expectations of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Research analysts predict that S&P Global Inc. will post 19.59 earnings per share for the current year.

S&P Global Dividend Announcement

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

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.