Connecticut Capital Management Group LLC Takes Position in S&P Global Inc. $SPGI

Key Points

• Connecticut Capital Management Group opened a new position in S&P Global, buying 3,440 shares worth about $1.8 million in the fourth quarter. The stake now makes up roughly 1.7% of its portfolio.
• Insider buying was notable: Director Robert Edward Jr. Moritz and CEO Catherine R. Clay both purchased shares in late April and early May, with insiders buying a combined 5,974 shares worth about $2.58 million over the last 90 days.
• S&P Global posted solid quarterly results, beating earnings and revenue estimates with $4.97 EPS and $4.17 billion in revenue. The company also announced a quarterly dividend of $0.97 per share, yielding about 0.9% annually.

Connecticut Capital Management Group LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,440 shares of the business services provider's stock, valued at approximately $1,798,000. S&P Global accounts for about 1.7% of Connecticut Capital Management Group LLC's investment portfolio, making the stock its 17th largest position.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of S&P Global by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider's stock valued at $15,873,340,000 after purchasing an additional 117,728 shares during the period. Wellington Management Group LLP raised its stake in shares of S&P Global by 4.6% during the third quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider's stock valued at $3,033,003,000 after purchasing an additional 274,285 shares during the period. Legal & General Group Plc raised its stake in shares of S&P Global by 3.2% during the third quarter. Legal & General Group Plc now owns 2,202,872 shares of the business services provider's stock valued at $1,072,160,000 after purchasing an additional 67,868 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of S&P Global by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,970,788 shares of the business services provider's stock valued at $1,010,344,000 after purchasing an additional 5,706 shares during the period. Finally, Unisphere Establishment increased its stake in shares of S&P Global by 5.9% in the second quarter. Unisphere Establishment now owns 1,800,000 shares of the business services provider's stock worth $949,122,000 after buying an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Buying and Selling at S&P Global

In other S&P Global news, Director Robert Edward Jr. Moritz bought 1,152 shares of the stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Catherine R. Clay bought 2,500 shares of the 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 purchase, the chief executive officer owned 2,500 shares of the company's stock, valued at $1,078,475. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 5,974 shares of company stock worth $2,576,775 over the last 90 days. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SPGI. BMO Capital Markets lifted their price target 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. Jefferies Financial Group lifted their price target on shares of S&P Global from $500.00 to $535.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. Bank of America began coverage on shares of S&P Global in a research note on Tuesday, February 17th. They issued a "buy" rating and a $575.00 price target for the company. Robert W. Baird set a $546.00 price target on shares of S&P Global in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada dropped their price target on shares of S&P Global from $620.00 to $560.00 and set an "outperform" rating for the company in a research note on Wednesday, February 11th. Seventeen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $546.39.

S&P Global Stock Up 0.7%

SPGI stock opened at $415.34 on Thursday. 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 Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The firm has a fifty day moving average price of $424.77 and a two-hundred day moving average price of $464.87. The firm has a market cap of $122.94 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 1.76 and a beta of 1.11.

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 the consensus estimate 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 analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm earned $4.37 earnings per share. The firm's revenue for the quarter 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. Research analysts predict that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, May 29th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global's payout ratio is presently 24.56%.

S&P Global 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.

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