Polar Asset Management Partners Inc. Acquires New Position in S&P Global Inc. $SPGI

Polar Asset Management Partners Inc. acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the first quarter, HoldingsChannel.com reports. The fund acquired 42,300 shares of the business services provider’s stock, valued at approximately $17,992,000.

A number of other hedge funds also recently bought and sold shares of SPGI. Norges Bank acquired a new position in shares of S&P Global during the 4th quarter worth approximately $2,398,991,000. Cardano Risk Management B.V. grew its position in shares of S&P Global by 858.3% in the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock valued at $919,879,000 after purchasing an additional 1,576,544 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of S&P Global by 2,256.7% in the fourth 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 during the last quarter. Capital International Investors increased its holdings in shares of S&P Global by 43.6% in the fourth 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 during the last quarter. Finally, TCI Fund Management Ltd. increased its holdings in shares of S&P Global by 5.4% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity

In other S&P Global news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $434.03 per share, with a total value of $500,002.56. Following the transaction, the director owned 1,152 shares of the company’s stock, valued at $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Catherine R. Clay acquired 2,500 shares of S&P Global stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the acquisition, the chief executive officer owned 2,500 shares in the company, valued at $1,078,475. This trade represents a ∞ increase in their position. 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 in the last quarter. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

SPGI has been the topic of a number of recent research reports. Rothschild & Co Redburn lowered their price objective on 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. Stifel Nicolaus raised their target price on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Wall Street Zen upgraded S&P Global to a “hold” rating in a report on Saturday, July 4th. Royal Bank Of Canada lowered their price target on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Finally, Daiwa Securities Group dropped their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $533.59.

S&P Global Stock Down 0.0%

SPGI stock opened at $426.19 on Monday. The firm has a market cap of $126.15 billion, a PE ratio of 26.97, a PEG ratio of 2.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The firm’s 50 day moving average price is $423.27 and its 200-day moving average price is $441.46. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last issued 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. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post 18.37 EPS for the current year.

S&P Global Announces Dividend

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

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.