Dearborn Partners LLC Sells 5,358 Shares of S&P Global Inc. $SPGI

Key Points

• Dearborn Partners LLC trimmed its S&P Global position by 8.8% in the fourth quarter, selling 5,358 shares and leaving it with 55,269 shares valued at about $28.9 million.
• S&P Global reported stronger-than-expected quarterly results, posting EPS of $4.97 versus $4.82 expected and revenue of $4.17 billion, up 10.4% year over year. The company also maintained FY 2026 EPS guidance of 19.40 to 19.65.
• Insiders and analysts remain broadly positive, with recent insider purchases totaling 5,974 shares and 17 analysts rating the stock a Buy versus one Hold. The consensus price target is $546.39, above the recent trading price around $425.

Dearborn Partners LLC lessened its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,269 shares of the business services provider's stock after selling 5,358 shares during the quarter. S&P Global accounts for approximately 1.4% of Dearborn Partners LLC's holdings, making the stock its 29th biggest position. Dearborn Partners LLC's holdings in S&P Global were worth $28,883,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after buying an additional 143 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of S&P Global by 7.8% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider's stock valued at $547,000 after buying an additional 75 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in S&P Global by 5.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider's stock worth $893,511,000 after acquiring an additional 88,526 shares during the last quarter. Jump Financial LLC purchased a new position in S&P Global in the 2nd quarter worth approximately $552,000. Finally, Main Street Financial Solutions LLC raised its holdings in S&P Global by 17.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider's stock worth $1,694,000 after acquiring an additional 472 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

SPGI opened at $425.16 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $125.85 billion, a P/E ratio of 26.91, a P/E/G ratio of 1.81 and a beta of 1.08. The company's 50-day simple moving average is $424.53 and its two-hundred day simple moving average is $461.38. 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 - Get Free Report) last posted its 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. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The business had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the prior year, the business earned $4.37 EPS. The business'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. As a group, analysts predict that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Dividend Announcement

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

Insider Buying and Selling

In other 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 price of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director directly owned 1,152 shares of the company's stock, valued at approximately $500,002.56. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, 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 purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the acquisition, the chief executive officer directly owned 2,500 shares of the company's stock, valued at $1,078,475. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 5,974 shares of company stock valued at $2,576,775 over the last 90 days. Company insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on SPGI shares. Mizuho lifted their target price on S&P Global from $551.00 to $554.00 and gave the stock an "outperform" rating in a report on Tuesday, May 5th. Evercore reduced their target price on S&P Global from $625.00 to $560.00 and set an "outperform" rating for the company in a report on Thursday, April 16th. Weiss Ratings lowered S&P Global from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, March 11th. The Goldman Sachs Group reissued a "buy" rating on shares of S&P Global in a report on Tuesday, April 28th. Finally, BMO Capital Markets upped their target price 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. Seventeen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock 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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.