Geode Capital Management LLC Trims Holdings in S&P Global Inc. $SPGI

Key Points

• Geode Capital Management slightly reduced its S&P Global stake in the fourth quarter, selling 6,574 shares and ending with 6.86 million shares valued at about $3.57 billion.
• S&P Global reported better-than-expected first-quarter earnings, with EPS of $4.97 and revenue of $4.17 billion, while also raising its FY 2026 guidance to $19.40-$19.65 per share.
• The company announced a quarterly dividend of $0.97 per share and saw insider buying from its CEOs, while analysts remain mostly bullish with a consensus Moderate Buy rating and average price target of $546.39.

Geode Capital Management LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,857,575 shares of the business services provider's stock after selling 6,574 shares during the quarter. Geode Capital Management LLC owned about 2.26% of S&P Global worth $3,573,731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in S&P Global by 17.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider's stock valued at $32,541,000 after purchasing an additional 10,044 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in S&P Global by 324.8% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider's stock valued at $13,673,000 after purchasing an additional 21,481 shares during the last quarter. Troy Asset Management Ltd increased its stake in S&P Global by 26.2% in the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider's stock valued at $21,795,000 after buying an additional 8,652 shares during the period. Envestnet Asset Management Inc. increased its stake in S&P Global by 3.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider's stock valued at $456,656,000 after buying an additional 30,080 shares during the period. Finally, Collier Financial acquired a new position in S&P Global in the 3rd quarter valued at $2,865,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

S&P Global stock opened at $415.34 on Thursday. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. 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 50-day simple moving average is $424.77 and its 200 day simple moving average is $464.87. The firm has a market capitalization of $122.94 billion, a PE ratio of 26.29, a P/E/G ratio of 1.76 and a beta of 1.11.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $4.82 by $0.15. The business had revenue of $4.17 billion for 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 for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts predict that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Insider Transactions at S&P Global

In other S&P Global news, CEO Martina Cheung bought 2,322 shares of the company's stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average price of $429.93 per share, with a total value of $998,297.46. Following the transaction, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Catherine R. Clay bought 2,500 shares of the company's stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the transaction, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 5,974 shares of company stock worth $2,576,775 in the last three months. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SPGI shares. JPMorgan Chase & Co. boosted their price objective on shares of S&P Global from $530.00 to $550.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Evercore dropped their price objective on shares of S&P Global from $625.00 to $560.00 and set an "outperform" rating on the stock in a research note on Thursday, April 16th. Weiss Ratings cut shares of S&P Global from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, March 11th. Wells Fargo & Company dropped their price objective on shares of S&P Global from $530.00 to $525.00 and set an "overweight" rating on the stock in a research note on Monday, April 13th. Finally, Daiwa Securities Group dropped their price objective on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 20th. Seventeen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus price target 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.

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