SBI Okasan Asset Management Co.Ltd. bought a new position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,000 shares of the business services provider’s stock, valued at approximately $1,590,000.
A number of other large investors have also recently added to or reduced their stakes in SPGI. Joseph Group Capital Management bought a new stake in S&P Global during the fourth quarter worth approximately $29,000. North Star Investment Management Corp. boosted its holdings in S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares in the last quarter. Palisade Asset Management LLC bought a new stake in S&P Global during the third quarter worth approximately $36,000. Ameriflex Group Inc. boosted its holdings in S&P Global by 171.4% during the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after buying an additional 48 shares in the last quarter. Finally, Ares Financial Consulting LLC bought a new stake in S&P Global during the fourth quarter worth approximately $40,000. 87.17% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, Director Robert Edward Jr. Moritz bought 1,152 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the transaction, the director directly owned 1,152 shares in the company, valued at $500,002.56. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Catherine R. Clay bought 2,500 shares of the business’s stock in a transaction on Friday, May 1st. The stock was bought at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the transaction, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 5,974 shares of company stock worth $2,576,775 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.
S&P Global Trading Up 0.6%
S&P Global (NYSE:SPGI – Get Free Report) last posted its quarterly earnings data 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. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business posted $4.37 EPS. The company’s revenue 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. Research analysts forecast that S&P Global Inc. will post 19.61 EPS for the current year.
S&P Global Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be given a $0.97 dividend. The ex-dividend date is Friday, May 29th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is presently 24.56%.
Analyst Ratings Changes
SPGI has been the subject of a number of research reports. Robert W. Baird set a $546.00 target price on shares of S&P Global in a report on Wednesday, February 11th. Barclays restated an “overweight” rating and set a $565.00 target price on shares of S&P Global in a report on Monday, February 23rd. The Goldman Sachs Group restated a “buy” rating on shares of S&P Global in a report on Tuesday, April 28th. Wells Fargo & Company decreased their price objective on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Finally, Jefferies Financial Group raised their price objective on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Seventeen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $546.39.
Check Out Our Latest Research Report on S&P Global
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.
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