Sumitomo Life Insurance Co. Increases Position in S&P Global Inc. $SPGI

Sumitomo Life Insurance Co. increased its stake in S&P Global Inc. (NYSE:SPGI) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,949 shares of the business services provider’s stock after acquiring an additional 1,612 shares during the period. Sumitomo Life Insurance Co.’s holdings in S&P Global were worth $16,174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Norges Bank purchased a new position in S&P Global in the fourth quarter worth $2,398,991,000. Capital International Investors grew its position in S&P Global by 43.6% in the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after acquiring an additional 922,433 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in S&P Global by 353.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 488,185 shares of the business services provider’s stock worth $255,121,000 after acquiring an additional 380,603 shares in the last quarter. Credit Agricole S A purchased a new position in S&P Global in the third quarter worth $180,503,000. Finally, Holocene Advisors LP grew its position in S&P Global by 79.8% in the third quarter. Holocene Advisors LP now owns 766,043 shares of the business services provider’s stock worth $372,841,000 after acquiring an additional 339,947 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

S&P Global stock opened at $419.53 on Friday. 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 firm has a 50-day moving average of $424.82 and a 200-day moving average of $458.93. The firm has a market cap of $124.18 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.76 and a beta of 1.08. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last posted its earnings results 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 during 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%. S&P Global’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Sell-side analysts expect that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were issued 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 was Friday, May 29th. S&P Global’s dividend payout ratio is currently 24.56%.

Insider Transactions at S&P Global

In other news, Director Robert Edward Jr. Moritz bought 1,152 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares in the company, valued at approximately $500,002.56. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Martina Cheung bought 2,322 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were purchased at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the acquisition, the chief executive officer owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 5,974 shares of company stock worth $2,576,775. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on SPGI shares. Jefferies Financial Group upped their target price on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Barclays restated an “overweight” rating and set a $565.00 price target on shares of S&P Global in a research report on Monday, February 23rd. JPMorgan Chase & Co. upped their price target on shares of S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Evercore cut their price target on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Finally, BMO Capital Markets upped their price target on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Seventeen analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $546.39.

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.