SBI Okasan Asset Management Co.Ltd. Takes $1.59 Million Position in S&P Global Inc. $SPGI

Key Points

• SBI Okasan Asset Management opened a new position in S&P Global during the fourth quarter, buying 3,000 shares valued at about $1.59 million.
• Insiders and institutions remain bullish: several large asset managers increased holdings, and S&P Global executives recently bought shares as well, with insider purchases totaling 5,974 shares worth about $2.58 million last quarter.
• S&P Global reported better-than-expected quarterly results, posting EPS of $4.97 versus estimates of $4.82 and revenue of $4.17 billion, while also announcing a quarterly dividend of $0.97 per share.

SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,000 shares of the business services provider's stock, valued at approximately $1,590,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in 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 worth $15,873,340,000 after acquiring an additional 117,728 shares during the period. Wellington Management Group LLP raised its stake in 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 worth $3,033,003,000 after acquiring an additional 274,285 shares during the period. Legal & General Group Plc raised its stake in 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 worth $1,072,160,000 after acquiring an additional 67,868 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in 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 worth $1,010,344,000 after acquiring an additional 5,706 shares during the period. Finally, Unisphere Establishment raised its stake in S&P Global by 5.9% during the second quarter. Unisphere Establishment now owns 1,800,000 shares of the business services provider's stock worth $949,122,000 after acquiring an additional 100,000 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Insider Activity at S&P Global

In related news, CEO Martina Cheung acquired 2,322 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were acquired at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the purchase, the chief executive officer directly owned 27,518 shares of the company's stock, valued at $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the purchase, the chief executive officer directly owned 2,500 shares of the company's stock, valued at approximately $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 have purchased 5,974 shares of company stock worth $2,576,775 over the last quarter. 0.03% of the stock is currently owned by company insiders.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $418.21 on Friday. The firm's 50 day moving average is $424.47 and its two-hundred day moving average is $464.32. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The firm has a market capitalization of $123.79 billion, a P/E ratio of 26.47, a PEG ratio of 1.78 and a beta of 1.11. 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 announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 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 company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business earned $4.37 earnings per share. S&P Global'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. Analysts anticipate that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 29th will be paid 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 is Friday, May 29th. S&P Global's dividend payout ratio (DPR) is currently 24.56%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SPGI. UBS Group reiterated a "buy" rating on shares of S&P Global in a research note on Wednesday. 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. 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. Morgan Stanley increased their price objective on shares of S&P Global from $556.00 to $557.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of S&P Global from $530.00 to $550.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Seventeen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and an average target price of $546.39.

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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