USS Investment Management Ltd Cuts Stake in S&P Global Inc. $SPGI

USS Investment Management Ltd lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 29.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 348,354 shares of the business services provider’s stock after selling 142,668 shares during the quarter. S&P Global accounts for 0.6% of USS Investment Management Ltd’s holdings, making the stock its 28th largest position. USS Investment Management Ltd’s holdings in S&P Global were worth $148,155,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new stake in shares of S&P Global during the 4th quarter worth approximately $29,000. North Star Investment Management Corp. grew its holdings in shares of S&P Global by 134.6% in the fourth 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 in the last quarter. Palladiem LLC purchased a new position in shares of S&P Global in the fourth quarter valued at $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global in the third quarter valued at $36,000. Finally, Swiss RE Ltd. bought a new stake in S&P Global in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the purchase, the director directly owned 1,152 shares in the company, valued at approximately $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Catherine R. Clay bought 2,500 shares of the company’s stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $431.39 per share, with a total value 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 SEC filing for this purchase provides additional information. Insiders have bought 5,974 shares of company stock valued at $2,576,775 in the last ninety days. 0.03% of the stock is owned by company insiders.

S&P Global Trading Down 0.3%

SPGI stock opened at $407.18 on Wednesday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The stock has a market capitalization of $120.52 billion, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 1.74 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. The firm’s fifty day simple moving average is $420.09 and its two-hundred day simple moving average is $451.61.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.15. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, 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 will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is 24.56%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SPGI. Morgan Stanley upped their price target on shares of S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Wells Fargo & Company reduced their target price on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. UBS Group restated a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Daiwa Securities Group lowered their price target on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Finally, Weiss Ratings lowered S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Eighteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $545.28.

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.