Diversified Trust Co Boosts Stake in S&P Global Inc. $SPGI

Diversified Trust Co boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 231.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,095 shares of the business services provider’s stock after buying an additional 2,160 shares during the period. Diversified Trust Co’s holdings in S&P Global were worth $1,316,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SPGI. Joseph Group Capital Management purchased a new stake in shares of S&P Global during the 4th quarter worth approximately $29,000. North Star Investment Management Corp. grew its holdings 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 valued at $32,000 after purchasing an additional 35 shares in the last quarter. Palladiem LLC bought a new stake in S&P Global in the fourth quarter worth $36,000. Palisade Asset Management LLC bought a new position in S&P Global during the third quarter valued at $36,000. Finally, Ameriflex Group Inc. grew its stake 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 worth $37,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SPGI. BMO Capital Markets boosted their target price on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Jefferies Financial Group lifted their price target on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Daiwa Securities Group reduced their price objective on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Evercore lowered their price objective on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Finally, Rothschild & Co Redburn dropped their target price on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Eighteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $545.28.

Insider Transactions at S&P Global

In other S&P Global news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $434.03 per share, with a total value of $500,002.56. Following the purchase, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Martina Cheung acquired 2,322 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were acquired at an average price of $429.93 per share, with a total value of $998,297.46. Following the acquisition, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is currently owned by company insiders.

S&P Global Price Performance

SPGI stock opened at $401.00 on Wednesday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. 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 company has a 50-day moving average price of $422.93 and a 200 day moving average price of $454.73. The stock has a market cap of $118.70 billion, a PE ratio of 25.38, a P/E/G ratio of 1.74 and a beta of 1.08.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates 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 for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts anticipate that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 26th. 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.