Cetera Investment Advisers Has $31.54 Million Stock Holdings in S&P Global Inc. $SPGI

Cetera Investment Advisers cut its holdings in S&P Global Inc. (NYSE:SPGI) by 9.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 74,162 shares of the business services provider’s stock after selling 7,711 shares during the quarter. Cetera Investment Advisers’ holdings in S&P Global were worth $31,544,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Joseph Group Capital Management bought a new position in shares of S&P Global during the fourth quarter valued at $29,000. North Star Investment Management Corp. lifted its stake in shares of S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after acquiring an additional 35 shares during the period. Palladiem LLC bought a new stake in S&P Global in the fourth quarter valued at approximately $36,000. Palisade Asset Management LLC bought a new stake in S&P Global in the third quarter valued at approximately $36,000. Finally, Swiss RE Ltd. bought a new stake in S&P Global in the fourth quarter valued at approximately $39,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SPGI. The Goldman Sachs Group decreased their price objective on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Mizuho boosted their target price on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. JPMorgan Chase & Co. increased their price target on S&P Global from $535.00 to $555.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, Rothschild & Co Redburn lowered their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $533.59.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $426.19 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock has a market cap of $126.15 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08. The stock’s fifty day simple moving average is $423.27 and its two-hundred day simple moving average is $441.46. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. The business 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% compared to the same quarter last year. During the same period last year, the company posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, analysts forecast that S&P Global Inc. will post 18.37 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. 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 0.9%. S&P Global’s dividend payout ratio is 24.56%.

Insiders Place Their Bets

In other S&P Global news, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the transaction, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director directly owned 1,152 shares in the company, valued at $500,002.56. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 5,974 shares of company stock worth $2,576,775 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

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.