Westport Asset Management Inc. Invests $1.28 Million in S&P Global Inc. $SPGI

Westport Asset Management Inc. acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,000 shares of the business services provider’s stock, valued at approximately $1,276,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. Gateway Wealth Partners LLC bought a new stake in shares of S&P Global during the first quarter worth $433,000. Weiss Asset Management LP bought a new position in shares of S&P Global in the first quarter worth about $11,443,000. OMERS ADMINISTRATION Corp grew its holdings in shares of S&P Global by 1.0% in the first quarter. OMERS ADMINISTRATION Corp now owns 341,247 shares of the business services provider’s stock worth $145,146,000 after purchasing an additional 3,318 shares during the last quarter. Lombard Odier Asset Management Europe Ltd increased its stake in S&P Global by 4.5% in the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 49,578 shares of the business services provider’s stock worth $21,088,000 after buying an additional 2,129 shares during the period. Finally, Aristotle Atlantic Partners LLC lifted its holdings in S&P Global by 0.5% during the 1st quarter. Aristotle Atlantic Partners LLC now owns 9,648 shares of the business services provider’s stock valued at $4,104,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Activity

In other news, Director Robert Edward Jr. Moritz acquired 1,152 shares of S&P Global stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the purchase, the director directly owned 1,152 shares in the company, valued at $500,002.56. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Catherine R. Clay bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the transaction, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at $1,078,475. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $426.19 on Monday. The company has a market capitalization of $126.15 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $423.27 and a 200 day moving average of $441.46.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the firm earned $4.37 EPS. The business’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. On average, sell-side analysts predict that S&P Global Inc. will post 18.37 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given 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 of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is presently 24.56%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SPGI. Robert W. Baird increased their price objective on S&P Global from $520.00 to $521.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Daiwa Securities Group decreased their target price on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Mizuho upped 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. Rothschild & Co Redburn dropped their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Finally, Barclays dropped their price target on S&P Global from $565.00 to $555.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $533.59.

About S&P Global

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.