S&P Global Inc. $SPGI Shares Sold by Generate Investment Management Ltd

Key Points

• Generate Investment Management cut its S&P Global stake by 28.6% in the first quarter, selling 10,000 shares and leaving it with 25,000 shares valued at about $10.6 million.
• Several insiders bought shares recently, including CEOs Catherine R. Clay and Martina Cheung, signaling confidence; insiders purchased 5,974 shares worth $2.58 million over the last three months.
• S&P Global reported better-than-expected quarterly results with EPS of $4.97 and revenue of $4.17 billion, while analysts maintain a Moderate Buy rating and a consensus price target of $545.28.

Generate Investment Management Ltd lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 28.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,000 shares of the business services provider's stock after selling 10,000 shares during the period. Generate Investment Management Ltd's holdings in S&P Global were worth $10,634,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Troy Asset Management Ltd raised its holdings in shares of S&P Global by 26.2% during 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. First Merchants Corp lifted its position in S&P Global by 19.7% during the 4th quarter. First Merchants Corp now owns 16,614 shares of the business services provider's stock worth $8,682,000 after acquiring an additional 2,733 shares in the last quarter. Vinva Investment Management Ltd boosted its holdings in S&P Global by 21.4% in the 3rd quarter. Vinva Investment Management Ltd now owns 26,382 shares of the business services provider's stock worth $12,963,000 after acquiring an additional 4,659 shares during the period. V Square Quantitative Management LLC purchased a new position in S&P Global in the 4th quarter worth approximately $3,652,000. Finally, Capital International Inc. CA grew its position in S&P Global by 11.6% in the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider's stock valued at $36,955,000 after acquiring an additional 7,343 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Insiders Place Their Bets

In other news, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $431.39 per share, for a total transaction 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 trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Martina Cheung bought 2,322 shares of the business's stock in a transaction on Wednesday, April 29th. The shares were purchased 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 in the company, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. Evercore decreased their target price on shares of 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. JPMorgan Chase & Co. lifted their price target 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. Daiwa Securities Group cut 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 report on Wednesday, May 20th. Jefferies Financial Group upped their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Finally, UBS Group restated a "buy" rating on shares of S&P Global in a research note on Wednesday, May 27th. Eighteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $545.28.

S&P Global Stock Down 0.9%

Shares of S&P Global stock opened at $407.33 on Tuesday. 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 has a market cap of $120.57 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.75 and a beta of 1.08. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The business has a 50-day moving average price of $423.22 and a 200 day moving average price of $455.43.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share 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 firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm earned $4.37 earnings per share. The firm'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. On average, sell-side analysts forecast that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company 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 $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 1.0%. S&P Global's dividend payout ratio (DPR) 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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