Lombard Odier Asset Management Europe Ltd Reduces Position in S&P Global Inc. $SPGI

Lombard Odier Asset Management Europe Ltd reduced its position in S&P Global Inc. (NYSE:SPGI) by 98.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 47,449 shares of the business services provider’s stock after selling 2,438,336 shares during the period. S&P Global makes up 1.2% of Lombard Odier Asset Management Europe Ltd’s portfolio, making the stock its 18th biggest position. Lombard Odier Asset Management Europe Ltd’s holdings in S&P Global were worth $24,796,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SPGI. Norges Bank purchased a new stake in shares of S&P Global in the fourth quarter worth approximately $2,398,991,000. Cardano Risk Management B.V. lifted its position in shares of S&P Global by 858.3% during the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after purchasing an additional 1,576,544 shares during the last quarter. Capital International Investors lifted its position in shares of S&P Global by 43.6% during the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after purchasing an additional 922,433 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of S&P Global by 353.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 488,185 shares of the business services provider’s stock valued at $255,121,000 after purchasing an additional 380,603 shares during the period. Finally, Credit Agricole S A bought a new position in shares of S&P Global in the third quarter worth about $180,503,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SPGI. Evercore lowered their price objective on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Rothschild & Co Redburn reduced their price objective on shares of S&P Global from $585.00 to $540.00 in a research note on Thursday, May 7th. JPMorgan Chase & Co. increased their target price on S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Wells Fargo & Company reduced 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 report on Monday, April 13th. Finally, Jefferies Financial Group upped their price target on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Seventeen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $546.39.

S&P Global Stock Up 2.3%

NYSE:SPGI opened at $433.68 on Wednesday. The company’s fifty day moving average price is $424.75 and its 200-day moving average price is $457.78. The firm has a market capitalization of $128.37 billion, a P/E ratio of 27.45, a PEG ratio of 1.81 and a beta of 1.08. 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.

S&P Global (NYSE:SPGI) last issued 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 firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Dividend Announcement

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

Insider Activity

In other S&P Global news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares in the company, valued at approximately $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Martina Cheung bought 2,322 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were acquired at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the transaction, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 5,974 shares of company stock valued at $2,576,775 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

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.