71 West Capital Partners Makes New Investment in S&P Global Inc. $SPGI

71 West Capital Partners purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, HoldingsChannel reports. The firm purchased 39,442 shares of the business services provider’s stock, valued at approximately $20,612,000. S&P Global makes up about 0.9% of 71 West Capital Partners’ portfolio, making the stock its 24th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Troy Asset Management Ltd grew its position in shares of 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 purchasing an additional 8,652 shares during the last quarter. Cardano Risk Management B.V. acquired a new position in shares of S&P Global in the third quarter valued at approximately $89,401,000. First Merchants Corp grew its position in shares of 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 purchasing an additional 2,733 shares during the last quarter. Vinva Investment Management Ltd grew its position in shares of 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 purchasing an additional 4,659 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $3,652,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 1.4%

Shares of SPGI stock opened at $424.57 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock has a market cap of $125.67 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. The stock has a 50 day simple moving average of $424.69 and a 200 day simple moving average of $458.22. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05.

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 (EPS) for the quarter, beating the consensus estimate of $4.82 by $0.15. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, research analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were paid a $0.97 dividend. 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 payout ratio is 24.56%.

Insider Activity at S&P Global

In related news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the purchase, the director owned 1,152 shares in the company, valued at approximately $500,002.56. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martina Cheung purchased 2,322 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was bought at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the purchase, the chief executive officer owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 5,974 shares of company stock worth $2,576,775. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Mizuho upped their target price on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Weiss Ratings downgraded S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of S&P Global in a research report on Tuesday, April 28th. Morgan Stanley upped their target price on S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company decreased their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Seventeen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $546.39.

About S&P Global

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.