National Pension Service Acquires 123,400 Shares of S&P Global Inc. $SPGI

Key Points

• National Pension Service increased its S&P Global stake by 20.3% in Q4, buying 123,400 shares and bringing its holdings to 730,755 shares worth about $381.9 million.
• Insiders also bought shares, with CEO Catherine R. Clay and CEO Martina Cheung making recent purchases totaling nearly $2.1 million in stock over the past two weeks.
• S&P Global reported solid results, beating earnings and revenue estimates in its latest quarter, while analysts remain broadly bullish with a consensus rating of “Moderate Buy” and a target price of $546.39.

National Pension Service raised its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 730,755 shares of the business services provider's stock after buying an additional 123,400 shares during the quarter. National Pension Service owned about 0.24% of S&P Global worth $381,885,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $29,000. North Star Investment Management Corp. boosted its position in shares of S&P Global by 134.6% during 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. Palisade Asset Management LLC bought a new stake in shares of S&P Global during the third quarter valued at approximately $36,000. Ameriflex Group Inc. boosted its position in shares of S&P Global by 171.4% during the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider's stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. Finally, Ares Financial Consulting LLC bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $40,000. 87.17% of the stock is currently owned by institutional investors.

Insider Transactions at S&P Global

In related news, CEO Catherine R. Clay bought 2,500 shares of the business's stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the purchase, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Martina Cheung bought 2,322 shares of the business's stock in a transaction dated Wednesday, April 29th. The stock was bought at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the purchase, the chief executive officer owned 27,518 shares of the company's stock, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 5,974 shares of company stock valued at $2,576,775. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Evercore dropped their price target on S&P Global from $625.00 to $560.00 and set an "outperform" rating on the stock in a research report on Thursday, April 16th. Daiwa Securities Group dropped their price target on S&P Global from $490.00 to $485.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. Wells Fargo & Company dropped their price target on S&P Global from $530.00 to $525.00 and set an "overweight" rating on the stock in a research report on Monday, April 13th. JPMorgan Chase & Co. lifted their price target on S&P Global from $530.00 to $550.00 and gave the company an "overweight" rating in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus dropped their price target on S&P Global from $599.00 to $489.00 and set a "buy" rating on the stock in a research report on Wednesday, February 11th. Seventeen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $546.39.

S&P Global Trading Up 0.6%

NYSE SPGI opened at $418.21 on Friday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. The stock has a market cap of $123.79 billion, a P/E ratio of 26.47, a P/E/G ratio of 1.78 and a beta of 1.11. The stock's fifty day moving average price is $424.47 and its 200-day moving average price is $464.32. The company has a current ratio of 0.68, a quick 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 EPS for the quarter, topping analysts' consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same period in the prior year, the firm posted $4.37 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

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.

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