S&P Global Inc. $SPGI Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,311 shares of the business services provider’s stock after selling 1,360 shares during the period. Sit Investment Associates Inc.’s holdings in S&P Global were worth $11,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in S&P Global by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after acquiring an additional 117,728 shares during the period. State Street Corp increased its stake in S&P Global by 1.1% during 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 purchasing an additional 157,301 shares during the period. TCI Fund Management Ltd. increased its stake in S&P Global by 5.4% during the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after purchasing an additional 600,440 shares during the period. Morgan Stanley lifted its position in shares of S&P Global by 3.3% during the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after purchasing an additional 263,051 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of S&P Global by 4.6% during 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 purchasing an additional 274,285 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 1.6%

SPGI stock opened at $411.32 on Friday. The company’s 50 day moving average price is $424.07 and its 200 day moving average price is $456.61. The firm has a market capitalization of $121.75 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.78 and a beta of 1.08. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $4.37 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. 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 19.61 EPS for the current fiscal 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 given 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 of this dividend was Friday, May 29th. S&P Global’s payout ratio is 24.56%.

Insider Transactions at S&P Global

In other news, CEO Martina Cheung bought 2,322 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the purchase, the chief executive officer owned 27,518 shares in the company, valued at approximately $11,830,813.74. This trade represents a 9.22% 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 Catherine R. Clay bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the acquisition, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at $1,078,475. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 5,974 shares of company stock valued at $2,576,775. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective 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. Evercore reduced their target price on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Daiwa Securities Group dropped their price target on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. UBS Group reaffirmed a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. increased their price objective on S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Eighteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $545.28.

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.