S&P Global Inc. $SPGI Shares Bought by Eventide Asset Management LLC

Eventide Asset Management LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,995 shares of the business services provider’s stock after acquiring an additional 2,952 shares during the period. Eventide Asset Management LLC’s holdings in S&P Global were worth $14,159,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of S&P Global by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock worth $15,873,340,000 after acquiring an additional 117,728 shares in the last quarter. State Street Corp increased its position in shares of S&P Global by 1.1% in the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after acquiring an additional 157,301 shares in the last quarter. Morgan Stanley increased its position in shares of S&P Global by 3.3% in the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after acquiring an additional 263,051 shares in the last quarter. Wellington Management Group LLP increased its position in shares of S&P Global by 4.6% in the third quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock worth $3,033,003,000 after acquiring an additional 274,285 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of S&P Global in the fourth quarter worth approximately $2,398,991,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

SPGI stock opened at $419.53 on Monday. 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 stock has a market cap of $124.18 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.79 and a beta of 1.08. The firm has a 50 day simple moving average of $424.82 and a 200 day simple moving average of $458.71. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $4.82 by $0.15. The business had revenue of $4.17 billion during 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last 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 anticipate that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were issued 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 was Friday, May 29th. S&P Global’s dividend payout ratio (DPR) is currently 24.56%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SPGI shares. Rothschild & Co Redburn dropped their target price on shares of S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. Bank of America started coverage on shares of S&P Global in a research report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. BMO Capital Markets lifted 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. Finally, Mizuho lifted their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Seventeen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $546.39.

Insider Buying and Selling

In related news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares in the company, valued at $500,002.56. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Martina Cheung purchased 2,322 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the acquisition, 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 position. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by company 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.