Havemeyer Place LP Takes Position in S&P Global Inc. $SPGI

Havemeyer Place LP acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,875 shares of the business services provider’s stock, valued at approximately $2,548,000.

Several other institutional investors have also modified their holdings of SPGI. Joseph Group Capital Management bought a new position in shares of S&P Global during the 4th quarter valued at about $29,000. North Star Investment Management Corp. lifted its holdings in shares of 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 purchasing an additional 35 shares in the last quarter. Palisade Asset Management LLC bought a new position in shares of S&P Global during the 3rd quarter valued at about $36,000. Ameriflex Group Inc. lifted its holdings in shares of 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 purchasing an additional 48 shares in the last quarter. Finally, Ares Financial Consulting LLC bought a new position in shares of S&P Global during the 4th quarter valued at about $40,000. Institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other news, CEO Martina Cheung bought 2,322 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were purchased at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the purchase, the chief executive officer owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the purchase, the director directly owned 1,152 shares in the company, valued at approximately $500,002.56. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Bank of America assumed coverage on S&P Global in a report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of S&P Global in a report on Tuesday, April 28th. UBS Group reiterated a “buy” rating on shares of S&P Global in a report on Wednesday, May 27th. Evercore cut their price objective on S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Finally, Stifel Nicolaus cut their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Seventeen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $546.39.

S&P Global Trading Up 1.2%

NYSE SPGI opened at $425.16 on Friday. The stock has a market capitalization of $125.85 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.81 and a beta of 1.08. The stock’s 50 day moving average price is $424.53 and its two-hundred day moving average price is $461.38. 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 Inc. has a 52 week low of $381.61 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, beating the consensus estimate of $4.82 by $0.15. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be paid a $0.97 dividend. The ex-dividend date is Friday, May 29th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is presently 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.