Strs Ohio Sells 4,003 Shares of S&P Global Inc. $SPGI

Strs Ohio lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.7% in the 1st quarter, HoldingsChannel reports. The firm owned 104,785 shares of the business services provider’s stock after selling 4,003 shares during the quarter. Strs Ohio’s holdings in S&P Global were worth $44,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Joseph Group Capital Management purchased a new stake in S&P Global in the fourth quarter worth $29,000. North Star Investment Management Corp. increased its holdings in S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after acquiring an additional 35 shares during the last quarter. Palladiem LLC bought a new stake in S&P Global in the 4th quarter valued at about $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global during the third quarter valued at about $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SPGI. Weiss Ratings lowered shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. UBS Group restated a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Evercore decreased their price objective on S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Wells Fargo & Company cut their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Finally, BMO Capital Markets upped their price target on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Seventeen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $540.65.

Insider Activity

In other S&P Global news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares of the company’s stock, valued at $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Martina Cheung acquired 2,322 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 27,518 shares of the company’s stock, valued at $11,830,813.74. The trade was a 9.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is currently owned by insiders.

S&P Global Trading Up 5.6%

S&P Global stock opened at $438.31 on Friday. 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 fifty-two week low of $381.61 and a fifty-two week high of $579.05. The stock has a market cap of $129.74 billion, a P/E ratio of 27.74, a PEG ratio of 1.77 and a beta of 1.08. The firm’s fifty day moving average price is $419.44 and its 200-day moving average price is $450.59.

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 (EPS) for the quarter, beating 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 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 company 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. Equities research analysts forecast that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is 24.56%.

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.