Gabelli Funds LLC Has $48.04 Million Stake in S&P Global Inc. $SPGI

Gabelli Funds LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,955 shares of the business services provider’s stock after buying an additional 1,951 shares during the period. Gabelli Funds LLC’s holdings in S&P Global were worth $48,044,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Joseph Group Capital Management bought a new position in shares of S&P Global in the 4th quarter valued at about $29,000. North Star Investment Management Corp. raised 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 acquiring an additional 35 shares in the last quarter. Palladiem LLC bought a new stake in S&P Global during the fourth quarter worth about $36,000. Palisade Asset Management LLC acquired a new position in S&P Global during the third quarter valued at approximately $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global in the fourth quarter valued at approximately $39,000. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on SPGI. Wall Street Zen raised S&P Global to a “hold” rating in a research report on Saturday, July 4th. Wells Fargo & Company lowered their target price on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Barclays dropped their price target on shares of 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. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $535.00 to $555.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Finally, Rothschild & Co Redburn lowered their price objective on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $533.59.

Insider Transactions at S&P Global

In other S&P Global news, CEO Catherine R. Clay purchased 2,500 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of 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. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the purchase, the director owned 1,152 shares of the company’s stock, valued at $500,002.56. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is currently owned by company insiders.

S&P Global Trading Up 1.5%

Shares of NYSE:SPGI opened at $426.19 on Friday. 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 business has a 50 day moving average of $423.27 and a 200-day moving average of $442.10. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The stock has a market cap of $126.15 billion, a PE ratio of 26.97, a P/E/G ratio of 2.13 and a beta of 1.08.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping 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 firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the business earned $4.37 EPS. The company’s quarterly revenue 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. As a group, equities research analysts forecast that S&P Global Inc. will post 18.37 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 24.56%.

S&P Global 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.