ASO GROUP Ltd Makes New Investment in S&P Global Inc. $SPGI

ASO GROUP Ltd acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,299 shares of the business services provider’s stock, valued at approximately $1,201,000.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of S&P Global in a report on Tuesday, April 28th. UBS Group reiterated a “buy” rating on shares of S&P Global in a report on Wednesday, May 27th. Barclays reiterated an “overweight” rating and issued a $565.00 price target on shares of S&P Global in a report on Monday, February 23rd. Wells Fargo & Company cut their price target on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Seventeen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $546.39.

Insider Activity at S&P Global

In other S&P Global news, CEO Catherine R. Clay acquired 2,500 shares of the 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 purchase, the chief executive officer 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 legal filing with the SEC, which is available through the SEC website. Also, CEO Martina Cheung acquired 2,322 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was acquired 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 $11,830,813.74. The trade was a 9.22% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 5,974 shares of company stock valued at $2,576,775. Insiders own 0.03% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $413.71 on Friday. The stock has a market cap of $122.46 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.82 and a beta of 1.08. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The company’s 50-day moving average price is $424.96 and its 200 day moving average price is $459.21. 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 (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, research 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. S&P Global’s dividend payout ratio is presently 24.56%.

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.