S&P Global Inc. $SPGI Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC lessened its position in S&P Global Inc. (NYSE:SPGI) by 36.7% during the fourth quarter, Holdings Channel reports. The fund owned 4,676 shares of the business services provider’s stock after selling 2,713 shares during the quarter. Townsquare Capital LLC’s holdings in S&P Global were worth $2,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Joseph Group Capital Management acquired a new position in S&P Global during the 4th quarter valued at about $29,000. North Star Investment Management Corp. increased its stake in S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after buying an additional 35 shares during the period. Palladiem LLC acquired a new position in S&P Global during the 4th quarter valued at about $36,000. Palisade Asset Management LLC acquired a new position in S&P Global during the 3rd quarter valued at about $36,000. Finally, Ameriflex Group Inc. increased its stake in S&P Global by 171.4% during the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity

In other S&P Global news, CEO Martina Cheung acquired 2,322 shares of S&P Global stock in a transaction dated Wednesday, April 29th. The stock was bought at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Catherine R. Clay acquired 2,500 shares of S&P Global stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $431.39 per share, with a total value of $1,078,475.00. Following 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 position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research analyst reports. Bank of America initiated coverage on shares of S&P Global in a research note on Tuesday, February 17th. They set a “buy” rating and a $575.00 target price on the stock. Jefferies Financial Group raised their target price on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Barclays reissued an “overweight” rating and set a $565.00 target price on shares of S&P Global in a research note on Monday, February 23rd. Morgan Stanley raised their target price on shares of S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada lowered their target price on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Seventeen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $546.39.

S&P Global Stock Performance

NYSE:SPGI opened at $427.06 on Thursday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $425.19 and a 200-day moving average of $459.77. The firm has a market cap of $126.41 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.81 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, beating the consensus estimate 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 analyst estimates of $4.08 billion. During the same quarter last year, the firm posted $4.37 EPS. The business’s revenue for the quarter 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. Analysts forecast that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm 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. The ex-dividend date was Friday, May 29th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) 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.