Locust Wood Capital Advisers LLC Purchases 25,699 Shares of S&P Global Inc. $SPGI

Locust Wood Capital Advisers LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 9.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 311,932 shares of the business services provider’s stock after purchasing an additional 25,699 shares during the quarter. S&P Global comprises approximately 3.9% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its 9th biggest holding. Locust Wood Capital Advisers LLC’s holdings in S&P Global were worth $163,012,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Joseph Group Capital Management bought a new stake in shares of S&P Global in the fourth quarter valued at about $29,000. North Star Investment Management Corp. boosted 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 valued at $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC acquired a new position in shares of S&P Global during the 4th quarter worth approximately $36,000. Palisade Asset Management LLC acquired a new position in shares of S&P Global during the 3rd quarter worth approximately $36,000. Finally, Ameriflex Group Inc. increased its holdings in shares of S&P Global by 171.4% during the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after purchasing an additional 48 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert Edward Jr. Moritz bought 1,152 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the transaction, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction dated Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the acquisition, the chief executive officer directly owned 2,500 shares in the company, valued at approximately $1,078,475. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have bought 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target 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. UBS Group reiterated a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada decreased their price objective 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. Finally, Morgan Stanley boosted their price target on S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Seventeen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $546.39.

S&P Global Price Performance

SPGI stock opened at $425.16 on Monday. The business has a 50 day moving average price of $424.53 and a 200 day moving average price of $461.19. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock has a market cap of $125.85 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.81 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.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share 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 for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the company earned $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 anticipate that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed 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. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, May 29th. S&P Global’s dividend payout ratio is currently 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.