Assenagon Asset Management S.A. Decreases Stock Holdings in S&P Global Inc. $SPGI

Assenagon Asset Management S.A. lowered its position in S&P Global Inc. (NYSE:SPGI) by 70.0% during the first quarter, Holdings Channel reports. The institutional investor owned 118,817 shares of the business services provider’s stock after selling 276,761 shares during the quarter. Assenagon Asset Management S.A.’s holdings in S&P Global were worth $50,538,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Joseph Group Capital Management acquired a new position in shares of S&P Global during the fourth quarter worth $29,000. North Star Investment Management Corp. boosted its position in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares in the last quarter. Palisade Asset Management LLC purchased a new position in S&P Global during the 3rd quarter worth $36,000. Palladiem LLC purchased a new position in S&P Global during the 4th quarter worth $36,000. Finally, Ameriflex Group Inc. increased its position in S&P Global by 171.4% during the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after buying an additional 48 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on SPGI shares. Rothschild & Co Redburn decreased their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. JPMorgan Chase & Co. increased 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 report on Wednesday, April 29th. 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. Mizuho upped their price target 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. Finally, Morgan Stanley raised their price target on shares of S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Eighteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $545.28.

Insider Buying and Selling

In related news, 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 purchased 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 in the company, valued at approximately $1,078,475. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Martina Cheung purchased 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, with a total value of $998,297.46. Following the completion of the acquisition, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This trade represents a 9.22% 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 valued at $2,576,775 over the last ninety days. Company insiders own 0.03% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $395.41 on Friday. The company has a 50 day simple moving average of $421.79 and a two-hundred day simple moving average of $453.35. The stock has a market cap of $117.04 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.72 and a beta of 1.08. 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 Inc. has a 12 month low of $381.61 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $4.08 billion. During the same quarter last year, the company posted $4.37 earnings per share. The firm’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. As a group, analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.0%. S&P Global’s dividend payout ratio is presently 24.56%.

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.