S&P Global Inc. $SPGI Shares Bought by Brookstone Capital Management

Key Points

• Brookstone Capital Management increased its stake in S&P Global by 21.7% in the first quarter, bringing its holdings to 19,350 shares valued at about $8.23 million.
• Insiders also bought shares: CEO Martina Cheung and CEO Catherine R. Clay each made recent purchases, and insiders acquired a total of 5,974 shares worth about $2.58 million last quarter.
• S&P Global reported solid quarterly results, with EPS of $4.97 and revenue of $4.17 billion, both ahead of expectations; the company also announced a quarterly dividend of $0.97 per share.

Brookstone Capital Management grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 21.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,350 shares of the business services provider's stock after buying an additional 3,455 shares during the quarter. Brookstone Capital Management's holdings in S&P Global were worth $8,231,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new stake in shares of S&P Global in the first quarter worth $1,474,000. First Merchants Corp boosted its stake in S&P Global by 18.4% during the 1st quarter. First Merchants Corp now owns 19,667 shares of the business services provider's stock valued at $8,365,000 after acquiring an additional 3,053 shares during the last quarter. Smith Salley Wealth Management grew its holdings in S&P Global by 1.4% during the 1st quarter. Smith Salley Wealth Management now owns 39,120 shares of the business services provider's stock worth $16,639,000 after acquiring an additional 523 shares in the last quarter. Evolve Private Wealth LLC grew its holdings in S&P Global by 79.2% during the 1st quarter. Evolve Private Wealth LLC now owns 3,183 shares of the business services provider's stock worth $1,354,000 after acquiring an additional 1,407 shares in the last quarter. Finally, Sky Investment Group LLC acquired a new position in S&P Global during the 1st quarter worth $673,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Insider Buying and Selling

In related news, CEO Martina Cheung bought 2,322 shares of the firm's stock in a transaction on 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 directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. The trade was a 9.22% 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 bought 2,500 shares of the stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the acquisition, the chief executive officer directly owned 2,500 shares of the company's stock, valued at approximately $1,078,475. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 5,974 shares of company stock worth $2,576,775 over the last quarter. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SPGI shares. Mizuho upped their target price on shares of S&P Global from $551.00 to $554.00 and gave the company an "outperform" rating in a research note on Tuesday, May 5th. Evercore decreased their price target on S&P Global from $625.00 to $560.00 and set an "outperform" rating for the company in a research note on Thursday, April 16th. Barclays reissued an "overweight" rating and issued a $565.00 price objective on shares of S&P Global in a report on Monday, February 23rd. Daiwa Securities Group cut their price objective on 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. Finally, UBS Group reaffirmed a "buy" rating on shares of S&P Global in a report on Wednesday, May 27th. Eighteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $545.28.

S&P Global Stock Down 0.9%

SPGI stock opened at $407.33 on Tuesday. The firm has a market cap of $120.57 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 1.75 and a beta of 1.08. 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 $423.22 and a two-hundred day moving average price of $455.43. 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 (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $4.08 billion. During the same period last year, the firm posted $4.37 EPS. The company's revenue for the quarter 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. Research analysts predict that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 1.0%. S&P Global's dividend payout ratio is 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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