S&P Global Inc. $SPGI Position Lowered by Allen Investment Management LLC

Allen Investment Management LLC decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.5% during the 4th quarter, HoldingsChannel reports. The fund owned 704,692 shares of the business services provider’s stock after selling 33,570 shares during the quarter. S&P Global comprises approximately 4.1% of Allen Investment Management LLC’s portfolio, making the stock its 7th biggest holding. Allen Investment Management LLC’s holdings in S&P Global were worth $368,265,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SPGI. Joseph Group Capital Management purchased a new position in S&P Global during the fourth quarter worth about $29,000. North Star Investment Management Corp. increased its holdings in shares of S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares during the last quarter. Palisade Asset Management LLC purchased a new stake in shares of S&P Global during the 3rd quarter valued at approximately $36,000. Ameriflex Group Inc. increased its stake in S&P Global by 171.4% during the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after acquiring an additional 48 shares during the last quarter. Finally, Ares Financial Consulting LLC acquired a new stake in S&P Global during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SPGI shares. Jefferies Financial Group upped their price target on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Robert W. Baird set a $546.00 price objective on shares of S&P Global in a research note on Wednesday, February 11th. Stifel Nicolaus reduced their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Mizuho lifted their target price on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, Wells Fargo & Company dropped their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Seventeen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $546.39.

S&P Global Stock Up 1.2%

SPGI opened at $429.20 on Tuesday. The company has a market cap of $127.04 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.81 and a beta of 1.11. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The business’s fifty day moving average is $424.48 and its two-hundred day moving average is $463.35.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 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 business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the firm earned $4.37 EPS. The business’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. Analysts anticipate that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 29th. S&P Global’s dividend payout ratio is currently 24.56%.

Insider Transactions at S&P Global

In other S&P Global news, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired at an average price of $431.39 per share, with a total value 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 approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 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 price of $429.93 per share, for a total transaction of $998,297.46. Following the acquisition, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 5,974 shares of company stock worth $2,576,775 over the last quarter. 0.03% of the stock is currently owned by insiders.

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.