S&P Global Inc. $SPGI Shares Acquired by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 67.9% in the 4th quarter, Holdings Channel reports. The firm owned 204,403 shares of the business services provider’s stock after buying an additional 82,634 shares during the quarter. S&P Global accounts for 4.7% of Fullerton Fund Management Co Ltd.’s portfolio, making the stock its 7th biggest holding. Fullerton Fund Management Co Ltd.’s holdings in S&P Global were worth $106,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Joseph Group Capital Management acquired a new stake in shares of S&P Global in the 4th quarter valued at $29,000. North Star Investment Management Corp. lifted its stake in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares during the last quarter. Palladiem LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at $36,000. Palisade Asset Management LLC acquired a new stake in shares of S&P Global in the 3rd quarter valued at $36,000. Finally, Swiss RE Ltd. acquired a new stake in shares of S&P Global in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $433.68 on Wednesday. The stock has a market cap of $128.37 billion, a P/E ratio of 27.45, a PEG ratio of 1.81 and a beta of 1.08. The company’s 50-day simple moving average is $424.75 and its 200 day simple moving average is $457.78. S&P Global Inc. has a twelve month low of $381.61 and a twelve month 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.

S&P Global (NYSE:SPGI) last posted its 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 for the quarter, compared to analysts’ expectations 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 for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, research analysts forecast that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s payout ratio is presently 24.56%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SPGI. Wells Fargo & Company cut their target price on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. UBS Group reissued a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. BMO Capital Markets boosted their target price on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Morgan Stanley boosted their target price on shares of S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Barclays reissued an “overweight” rating and set a $565.00 target price on shares of S&P Global in a research report on Monday, February 23rd. Seventeen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $546.39.

Insider Activity at S&P Global

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

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.