1,189 Shares in S&P Global Inc. $SPGI Acquired by Gilpin Wealth Management LLC

Gilpin Wealth Management LLC bought a new position in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,189 shares of the business services provider’s stock, valued at approximately $621,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Norges Bank purchased a new stake in S&P Global in the fourth quarter worth approximately $2,398,991,000. Capital International Investors boosted its holdings in S&P Global by 43.6% in the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after purchasing an additional 922,433 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in S&P Global by 353.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 488,185 shares of the business services provider’s stock worth $255,121,000 after purchasing an additional 380,603 shares during the last quarter. Credit Agricole S A purchased a new stake in S&P Global in the third quarter worth approximately $180,503,000. Finally, Holocene Advisors LP boosted its holdings in S&P Global by 79.8% in the third quarter. Holocene Advisors LP now owns 766,043 shares of the business services provider’s stock worth $372,841,000 after purchasing an additional 339,947 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Jefferies Financial Group raised their target price on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Rothschild & Co Redburn dropped their target price on shares of S&P Global from $585.00 to $540.00 in a report on Thursday, May 7th. UBS Group reiterated a “buy” rating on shares of S&P Global in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company dropped their price target on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Seventeen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $546.39.

Insider Activity

In other news, CEO Catherine R. Clay acquired 2,500 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the transaction, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed 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 dated 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 completion of the transaction, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 5,974 shares of company stock worth $2,576,775 in the last three months. Company insiders own 0.03% of the company’s stock.

S&P Global Trading Up 0.5%

Shares of S&P Global stock opened at $427.06 on Thursday. The company’s fifty day simple moving average is $425.19 and its 200-day simple moving average is $459.77. The stock has a market capitalization of $126.41 billion, a PE ratio of 27.03, a P/E/G ratio of 1.81 and a beta of 1.08. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. 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 issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.15. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Dividend Announcement

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