BI Asset Management Fondsmaeglerselskab A S Cuts Stock Position in S&P Global Inc. $SPGI

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 8.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,025 shares of the business services provider’s stock after selling 5,606 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in S&P Global were worth $27,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership lifted its stake in shares of S&P Global by 7.9% during the fourth quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock worth $135,000 after purchasing an additional 19 shares in the last quarter. LeConte Wealth Management LLC grew its stake in shares of S&P Global by 4.1% in the fourth quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock valued at $267,000 after buying an additional 20 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC grew its stake in shares of S&P Global by 3.3% in the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock valued at $330,000 after buying an additional 20 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in shares of S&P Global by 15.6% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after buying an additional 20 shares during the period. Finally, Embree Financial Group raised its holdings in shares of S&P Global by 2.0% during the 4th quarter. Embree Financial Group now owns 1,090 shares of the business services provider’s stock valued at $570,000 after buying an additional 21 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.1%

NYSE:SPGI opened at $411.32 on Friday. The company has a market capitalization of $121.75 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The stock has a 50-day simple moving average of $423.56 and a 200 day simple moving average of $456.29. 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 announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company earned $4.37 earnings per share. S&P Global’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Sell-side analysts predict that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Insider Activity

In other 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 acquired at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the transaction, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of S&P Global stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the purchase, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

SPGI has been the topic of several recent research reports. Barclays reissued an “overweight” rating and set a $565.00 price target on shares of S&P Global in a research report on Monday, February 23rd. UBS Group reaffirmed a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Weiss Ratings lowered shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. The Goldman Sachs Group reissued a “buy” rating on shares of S&P Global in a research report on Tuesday, April 28th. Finally, Mizuho upped their target price on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Eighteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $545.28.

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.