Lord Abbett & CO. LLC Sells 111,870 Shares of S&P Global Inc. $SPGI

Lord Abbett & CO. LLC reduced its position in S&P Global Inc. (NYSE:SPGI) by 34.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 209,104 shares of the business services provider’s stock after selling 111,870 shares during the quarter. Lord Abbett & CO. LLC’s holdings in S&P Global were worth $109,276,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Sumitomo Life Insurance Co. boosted its holdings in shares of S&P Global by 5.5% in the 4th quarter. Sumitomo Life Insurance Co. now owns 30,949 shares of the business services provider’s stock valued at $16,174,000 after buying an additional 1,612 shares in the last quarter. Keystone Investors PTE Ltd. bought a new stake in shares of S&P Global in the 4th quarter valued at about $5,289,000. Wealthspire Advisors LLC boosted its holdings in shares of S&P Global by 186.5% in the 4th quarter. Wealthspire Advisors LLC now owns 1,891 shares of the business services provider’s stock valued at $988,000 after buying an additional 1,231 shares in the last quarter. Howland Capital Management LLC boosted its holdings in shares of S&P Global by 0.7% in the 4th quarter. Howland Capital Management LLC now owns 101,789 shares of the business services provider’s stock valued at $53,194,000 after buying an additional 672 shares in the last quarter. Finally, Circle Wealth Management LLC boosted its holdings in shares of S&P Global by 1.7% in the 4th quarter. Circle Wealth Management LLC now owns 1,576 shares of the business services provider’s stock valued at $824,000 after buying an additional 26 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other S&P Global news, CEO Catherine R. Clay purchased 2,500 shares of S&P Global stock in a transaction on Friday, May 1st. The stock was bought at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the transaction, 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 this hyperlink. Also, CEO Martina Cheung purchased 2,322 shares of S&P Global stock in a transaction on Wednesday, April 29th. The shares were acquired at an average cost of $429.93 per share, with a total value of $998,297.46. Following the completion of the transaction, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. The trade was a 9.22% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is owned by insiders.

S&P Global Stock Up 1.5%

SPGI stock opened at $419.53 on Friday. The firm has a 50 day moving average of $424.82 and a 200 day moving average of $458.93. The stock has a market capitalization of $124.18 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. 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, topping analysts’ consensus estimates of $4.82 by $0.15. The company had revenue of $4.17 billion during 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%. S&P Global’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the business earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Sell-side analysts forecast that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SPGI shares. The Goldman Sachs Group restated a “buy” rating on shares of S&P Global in a report on Tuesday, April 28th. Bank of America initiated coverage on shares of S&P Global in a research note on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price for the company. BMO Capital Markets lifted their target price on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Barclays reiterated an “overweight” rating and issued a $565.00 target price on shares of S&P Global in a research note on Monday, February 23rd. Finally, Evercore lowered their target price on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Seventeen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. 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.

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.