Diversify Wealth Management LLC Acquires 1,832 Shares of S&P Global Inc. $SPGI

Diversify Wealth Management LLC raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 280.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,485 shares of the business services provider’s stock after purchasing an additional 1,832 shares during the quarter. Diversify Wealth Management LLC’s holdings in S&P Global were worth $1,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Vanguard Group Inc. raised its holdings in S&P Global by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after acquiring an additional 117,728 shares during the period. State Street Corp boosted its holdings in shares of S&P Global by 1.1% during the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after acquiring an additional 157,301 shares during the period. TCI Fund Management Ltd. grew its position in shares of S&P Global by 5.4% in the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after purchasing an additional 600,440 shares during the last quarter. Morgan Stanley increased its stake in shares of S&P Global by 3.3% during the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after purchasing an additional 263,051 shares during the period. Finally, Norges Bank bought a new position in shares of S&P Global during the fourth quarter worth approximately $2,398,991,000. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $444.35 on Thursday. The business has a fifty day moving average price of $420.17 and a two-hundred day moving average price of $445.79. The stock has a market capitalization of $131.53 billion, a PE ratio of 28.12, a P/E/G ratio of 2.10 and a beta of 1.08. 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 Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last released 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. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.S&P Global’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts predict that S&P Global Inc. will post 19.49 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s payout ratio is presently 24.56%.

Insider Transactions at S&P Global

In other news, CEO Martina Cheung purchased 2,322 shares of S&P Global 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 transaction, 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. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Catherine R. Clay acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the purchase, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at $1,078,475. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 5,974 shares of company stock valued at $2,576,775. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SPGI shares. Morgan Stanley reduced their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Rothschild & Co Redburn lowered their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Bank of America dropped their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Jefferies Financial Group boosted their target price 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, Evercore lowered their price target on shares of 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. Seventeen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $532.00.

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.