Russell Investments Group Ltd. Acquires 18,811 Shares of S&P Global Inc. $SPGI

Russell Investments Group Ltd. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 411,655 shares of the business services provider’s stock after buying an additional 18,811 shares during the period. Russell Investments Group Ltd.’s holdings in S&P Global were worth $215,459,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of S&P Global by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after acquiring an additional 117,728 shares during the last quarter. State Street Corp increased its stake in S&P Global by 1.1% during the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after acquiring an additional 157,301 shares during the last quarter. Morgan Stanley raised its position in S&P Global by 3.3% during the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock valued at $4,354,796,000 after purchasing an additional 263,051 shares during the period. Wellington Management Group LLP raised its position in S&P Global by 4.6% during the third quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock valued at $3,033,003,000 after purchasing an additional 274,285 shares during the period. Finally, Norges Bank bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $2,398,991,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at S&P Global

In related news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $434.03 per share, with a total value of $500,002.56. Following the transaction, the director directly owned 1,152 shares in the company, valued at approximately $500,002.56. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Catherine R. Clay bought 2,500 shares of the company’s stock in a transaction on Friday, May 1st. The stock was bought at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the purchase, the chief executive officer directly owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 5,974 shares of company stock valued at $2,576,775 in the last three months. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPGI. Jefferies Financial Group lifted their target price on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Rothschild & Co Redburn lowered their price target on S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. UBS Group reissued a “buy” rating on shares of S&P Global in a research note on Wednesday, May 27th. Finally, Mizuho raised their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $546.39.

S&P Global Stock Performance

Shares of S&P Global stock opened at $433.68 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $424.75 and its two-hundred day moving average is $457.78. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The company has a market capitalization of $128.37 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.15. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, analysts expect that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were issued a dividend of $0.97 per share. The ex-dividend date 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 presently 24.56%.

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.