Artisan Partners Limited Partnership Trims Position in S&P Global Inc. $SPGI

Artisan Partners Limited Partnership cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 14.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 685,769 shares of the business services provider’s stock after selling 114,674 shares during the quarter. Artisan Partners Limited Partnership’s holdings in S&P Global were worth $358,376,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SPGI. Joseph Group Capital Management purchased a new position in S&P Global during the 4th quarter worth approximately $29,000. North Star Investment Management Corp. raised its position in 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. Palladiem LLC acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $36,000. Palisade Asset Management LLC acquired a new stake in shares of S&P Global during the 3rd quarter worth approximately $36,000. Finally, Ameriflex Group Inc. grew its stake in shares of S&P Global by 171.4% during the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after purchasing an additional 48 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

S&P Global stock opened at $433.68 on Wednesday. The company’s fifty day moving average price is $424.75 and its 200 day moving average price is $457.78. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The stock has a market capitalization of $128.37 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.81 and a beta of 1.08. 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 (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the company earned $4.37 EPS. The firm’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. As a group, equities research analysts anticipate that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 24.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SPGI shares. Wells Fargo & Company dropped their price objective on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Rothschild & Co Redburn dropped their price objective on shares of S&P Global from $585.00 to $540.00 in a research note on Thursday, May 7th. UBS Group reaffirmed a “buy” rating on shares of S&P Global in a research note on Wednesday, May 27th. Evercore dropped their price objective on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Finally, Morgan Stanley raised their price objective on shares of S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Seventeen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $546.39.

Insider Activity at S&P Global

In related news, CEO Catherine R. Clay purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average price 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 of the company’s stock, valued at $1,078,475. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Martina Cheung purchased 2,322 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was bought at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the purchase, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is owned by company insiders.

S&P Global Company 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.