22,747 Shares in S&P Global Inc. $SPGI Purchased by Altrafin AG

Key Points

• Altrafin AG opened a new position in S&P Global during the fourth quarter, buying 22,747 shares worth about $11.9 million. The stake now makes up 3.8% of Altrafin’s portfolio and is its 7th largest holding.
• Several other institutional investors also boosted their holdings, and institutions overall own 87.17% of S&P Global’s shares. Recent insider buying included purchases by Director Robert Edward Jr. Moritz and CEO Catherine R. Clay.
• S&P Global reported quarterly results that beat expectations, with $4.97 EPS versus the $4.82 estimate and revenue of $4.17 billion. The company also paid a quarterly dividend of $0.97 per share, equal to an annualized yield of about 0.9%.

Altrafin AG bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 22,747 shares of the business services provider's stock, valued at approximately $11,887,000. S&P Global comprises 3.8% of Altrafin AG's portfolio, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Nan Shan Life Insurance Co. Ltd. raised its holdings in shares of S&P Global by 318.9% in the 4th quarter. Nan Shan Life Insurance Co. Ltd. now owns 99,701 shares of the business services provider's stock worth $52,103,000 after acquiring an additional 75,900 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of S&P Global by 2.8% in the 4th quarter. Kestra Advisory Services LLC now owns 13,209 shares of the business services provider's stock worth $6,903,000 after acquiring an additional 359 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of S&P Global by 84.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 131 shares of the business services provider's stock worth $68,000 after acquiring an additional 60 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of S&P Global by 2.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,364 shares of the business services provider's stock worth $713,000 after acquiring an additional 35 shares during the last quarter. Finally, Wright Wealth LLC acquired a new stake in shares of S&P Global in the 4th quarter worth about $333,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SPGI shares. Barclays restated an "overweight" rating and issued a $565.00 target price on shares of S&P Global in a report on Monday, February 23rd. BMO Capital Markets increased their price objective on shares of S&P Global from $482.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, March 17th. Jefferies Financial Group increased their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a "buy" rating in a research note on Monday, April 27th. Daiwa Securities Group decreased their price objective on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. Finally, Evercore decreased their price objective 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $546.39.

Insider Buying and Selling

In other S&P Global news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the business's stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of $434.03 per share, with a total value of $500,002.56. Following the acquisition, the director owned 1,152 shares in the company, valued at approximately $500,002.56. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Catherine R. Clay acquired 2,500 shares of the business's stock in a transaction that occurred on Friday, May 1st. The stock was acquired 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 owned 2,500 shares in the company, valued at $1,078,475. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 5,974 shares of company stock valued at $2,576,775. Company insiders own 0.03% of the company's stock.

S&P Global Stock Up 1.5%

S&P Global stock opened at $419.53 on Friday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The firm has a 50 day moving average price of $424.82 and a 200-day moving average price of $458.93. The company has a market capitalization of $124.18 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.79 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 (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating 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 firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $4.37 EPS. The company's revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts predict that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. S&P Global's dividend payout ratio is currently 24.56%.

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.

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