Kestra Advisory Services LLC Trims Position in S&P Global Inc. $SPGI

Kestra Advisory Services LLC decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,079 shares of the business services provider’s stock after selling 1,130 shares during the quarter. Kestra Advisory Services LLC’s holdings in S&P Global were worth $5,138,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of S&P Global in the fourth quarter valued at approximately $2,398,991,000. Cardano Risk Management B.V. increased its holdings in S&P Global by 858.3% during the 4th 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 period. T. Rowe Price Investment Management Inc. raised its position in S&P Global by 2,256.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock valued at $755,996,000 after purchasing an additional 1,385,249 shares in the last quarter. Capital International Investors raised its position in S&P Global by 43.6% during the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock valued at $1,587,910,000 after purchasing an additional 922,433 shares in the last quarter. Finally, TCI Fund Management Ltd. raised its position in S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after purchasing an additional 600,440 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at S&P Global

In other news, CEO Catherine R. Clay bought 2,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Martina Cheung bought 2,322 shares of the stock in a transaction on Wednesday, April 29th. The stock was purchased at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the purchase, the chief executive officer owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 5,974 shares of company stock valued at $2,576,775 over the last 90 days. Insiders own 0.03% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $444.35 on Thursday. The stock’s 50-day moving average is $420.17 and its 200 day moving average is $445.79. 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. The company has a market cap of $131.53 billion, a P/E ratio of 28.12, a PEG ratio of 2.10 and a beta of 1.08.

S&P Global (NYSE:SPGI) last announced 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 business had revenue of $4.17 billion during the quarter, compared to the consensus estimate 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 was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.37 earnings per share. 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 19.49 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s payout ratio is 24.56%.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent research reports. Daiwa Securities Group dropped their price target on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Evercore decreased their price objective on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Jefferies Financial Group upped 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. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a report on Saturday, July 4th. Finally, Rothschild & Co Redburn cut their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Seventeen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $532.00.

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.