Rit Capital Partners PLC Reduces Position in S&P Global Inc. $SPGI

Rit Capital Partners PLC reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 10.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,000 shares of the business services provider’s stock after selling 8,500 shares during the quarter. S&P Global comprises about 8.6% of Rit Capital Partners PLC’s portfolio, making the stock its 4th biggest position. Rit Capital Partners PLC’s holdings in S&P Global were worth $32,321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SPGI. Joseph Group Capital Management purchased a new stake in shares of S&P Global in the 4th quarter worth $29,000. North Star Investment Management Corp. raised its holdings in shares of 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 acquiring an additional 35 shares in the last quarter. Palladiem LLC bought a new stake in shares of S&P Global in the fourth quarter valued at about $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global in the third quarter worth about $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global during the 4th quarter worth about $39,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPGI. Robert W. Baird raised their target price on shares of S&P Global from $520.00 to $521.00 and gave the company an “outperform” rating in a research report on Tuesday. The Goldman Sachs Group lowered their price target 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. JPMorgan Chase & Co. increased their price objective on shares of S&P Global from $535.00 to $555.00 and gave the company an “overweight” rating in a research note on Monday. Zacks Research lowered shares of S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, Stifel Nicolaus boosted their price objective on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $533.59.

S&P Global Price Performance

Shares of SPGI stock opened at $430.69 on Wednesday. The stock’s 50-day moving average is $422.04 and its 200 day moving average is $443.53. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. 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 company has a market cap of $127.48 billion, a P/E ratio of 27.26, a PEG ratio of 2.15 and a beta of 1.08.

S&P Global (NYSE:SPGI) last announced its earnings results 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. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company 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 19.47 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed 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 dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s payout ratio is 24.56%.

S&P Global News Roundup

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Robert W. Baird raised its price target on S&P Global (SPGI) to $521 and kept an outperform rating, suggesting meaningful upside from current levels. Benzinga
• Positive Sentiment: JPMorgan also lifted its price target on SPGI to $555 and maintained an overweight rating, reinforcing a bullish analyst view. Benzinga
• Positive Sentiment: S&P Dow Jones Indices and Pantera Capital launched the S&P Pantera Digital Asset Index, a rules-based benchmark for institutional digital-asset investing that could strengthen S&P Global’s index business and credibility in crypto-related products. PR Newswire
• Neutral Sentiment: Recent commentary notes S&P Global’s upcoming earnings report is expected to show growth, but one preview said the company may not have the ideal setup for an earnings beat, keeping expectations mixed. Zacks
• Neutral Sentiment: Erste Group Bank reportedly cut FY2027 EPS estimates for SPGI, which adds some caution around longer-term earnings expectations. American Banking News
• Neutral Sentiment: Online value-investor chatter has been positive on SPGI, comparing it favorably with other high-profile names, but this is more sentiment than a fundamental catalyst. Insider Monkey

Insider Activity at S&P Global

In other S&P Global news, CEO Martina Cheung bought 2,322 shares of S&P Global stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average cost of $429.93 per share, with a total value of $998,297.46. Following the transaction, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. This represents a 9.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Catherine R. Clay purchased 2,500 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the purchase, the chief executive officer owned 2,500 shares of the company’s stock, valued at $1,078,475. The trade was a ? increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 5,974 shares of company stock valued at $2,576,775 over the last 90 days. 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.