TritonPoint Partners LLC Invests $687,000 in S&P Global Inc. $SPGI

TritonPoint Partners LLC purchased a new position in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,314 shares of the business services provider’s stock, valued at approximately $687,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of S&P Global by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock worth $15,873,340,000 after buying an additional 117,728 shares during the last quarter. State Street Corp increased its stake in shares of S&P Global by 1.1% in the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after buying an additional 157,301 shares during the last quarter. Morgan Stanley increased its stake in shares of S&P Global by 3.3% in the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after buying an additional 263,051 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of S&P Global by 4.6% in the third quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock worth $3,033,003,000 after buying an additional 274,285 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of S&P Global in the fourth quarter worth $2,398,991,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SPGI. Weiss Ratings lowered shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Daiwa Securities Group dropped their price target on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group lifted their price target 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. The Goldman Sachs Group restated a “buy” rating on shares of S&P Global in a research note on Tuesday, April 28th. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Seventeen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $546.39.

S&P Global Stock Up 0.1%

SPGI stock opened at $419.53 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The firm has a fifty day moving average price of $424.82 and a two-hundred day moving average price of $458.71. The firm has a market cap of $124.18 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.79 and a beta of 1.08.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the firm earned $4.37 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. 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 19.61 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were given a dividend of $0.97 per share. The ex-dividend date was Friday, May 29th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is currently 24.56%.

Insider Transactions at S&P Global

In other news, CEO Martina Cheung purchased 2,322 shares of the stock in a transaction dated Wednesday, April 29th. The stock was acquired at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the transaction, the chief executive officer owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of $434.03 per share, with a total value of $500,002.56. Following the transaction, the director directly owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 5,974 shares of company stock worth $2,576,775. Insiders own 0.03% of the company’s stock.

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.