Fred Alger Management LLC Cuts Stake in S&P Global Inc. $SPGI

Fred Alger Management LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,870 shares of the business services provider’s stock after selling 17,040 shares during the period. Fred Alger Management LLC’s holdings in S&P Global were worth $133,193,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SPGI. Troy Asset Management Ltd grew its position in S&P Global by 26.2% in the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after acquiring an additional 8,652 shares in the last quarter. Cardano Risk Management B.V. acquired a new stake in S&P Global in the third quarter valued at approximately $89,401,000. First Merchants Corp grew its position in S&P Global by 19.7% in the fourth quarter. First Merchants Corp now owns 16,614 shares of the business services provider’s stock valued at $8,682,000 after acquiring an additional 2,733 shares in the last quarter. Vinva Investment Management Ltd grew its position in S&P Global by 21.4% in the third quarter. Vinva Investment Management Ltd now owns 26,382 shares of the business services provider’s stock valued at $12,963,000 after acquiring an additional 4,659 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in S&P Global in the fourth quarter valued at approximately $3,652,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI opened at $433.68 on Wednesday. The business’s fifty day moving average price is $424.75 and its 200 day moving average price is $457.78. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The stock has a market capitalization of $128.37 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the business posted $4.37 earnings per share. The firm’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. Equities research analysts forecast that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, May 29th. S&P Global’s dividend payout ratio (DPR) is presently 24.56%.

Wall Street Analyst Weigh In

SPGI has been the subject of several recent research reports. BMO Capital Markets increased their price objective on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Daiwa Securities Group lowered 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 research report on Wednesday, May 20th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of S&P Global in a research report on Tuesday, April 28th. UBS Group reaffirmed a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Finally, Rothschild & Co Redburn lowered their price objective on shares of S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. Seventeen 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, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $546.39.

Insider Buying and Selling at S&P Global

In related news, CEO Catherine R. Clay bought 2,500 shares of the business’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the purchase, the chief executive officer owned 2,500 shares of the company’s stock, valued at $1,078,475. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 bought at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the purchase, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by insiders.

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.