Howe & Rusling Inc. Boosts Position in S&P Global Inc. $SPGI

Howe & Rusling Inc. increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 360.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,349 shares of the business services provider’s stock after acquiring an additional 8,099 shares during the quarter. Howe & Rusling Inc.’s holdings in S&P Global were worth $5,408,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in S&P Global by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock worth $15,873,340,000 after buying an additional 117,728 shares during the period. State Street Corp increased its position 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 buying an additional 157,301 shares during the period. Morgan Stanley increased 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 worth $4,354,796,000 after buying an additional 263,051 shares during the period. Wellington Management Group LLP increased 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 worth $3,033,003,000 after buying an additional 274,285 shares during the period. Finally, Norges Bank acquired a new position in S&P Global during the fourth quarter worth approximately $2,398,991,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on SPGI shares. Evercore cut their price target on S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. 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. Bank of America started coverage on S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price target on the stock. Morgan Stanley lifted their price target on S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, BMO Capital Markets lifted their price target on S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Seventeen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $546.39.

S&P Global Trading Up 2.3%

NYSE:SPGI opened at $433.68 on Wednesday. The firm has a market cap of $128.37 billion, a P/E ratio of 27.45, a PEG ratio of 1.81 and a beta of 1.08. 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 stock’s 50 day simple moving average is $424.75 and its 200-day simple moving average is $457.78. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI) last released its 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. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities analysts anticipate that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th were issued 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 dividend yield of 0.9%. S&P Global’s payout ratio is presently 24.56%.

Insider Activity

In related news, CEO Martina Cheung bought 2,322 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the chief executive officer owned 27,518 shares in the company, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 acquisition, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 5,974 shares of company stock valued at $2,576,775. Company insiders own 0.03% of the company’s stock.

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.