S&P Global Inc. $SPGI Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its position in S&P Global Inc. (NYSE:SPGI) by 8.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,912 shares of the business services provider’s stock after selling 2,136 shares during the period. Kestra Private Wealth Services LLC’s holdings in S&P Global were worth $9,745,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Troy Asset Management Ltd grew its stake in S&P Global by 26.2% in the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after acquiring an additional 8,652 shares during the last quarter. First Merchants Corp raised its position in S&P Global by 19.7% during the fourth quarter. First Merchants Corp now owns 16,614 shares of the business services provider’s stock worth $8,682,000 after acquiring an additional 2,733 shares during the last quarter. Vinva Investment Management Ltd lifted its holdings in shares of S&P Global by 21.4% in the third quarter. Vinva Investment Management Ltd now owns 26,382 shares of the business services provider’s stock valued at $12,963,000 after purchasing an additional 4,659 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at about $3,652,000. Finally, Capital International Inc. CA grew its position in shares of S&P Global by 11.6% in the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after purchasing an additional 7,343 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of recent research reports. Jefferies Financial Group raised their price objective on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of S&P Global in a report on Tuesday, April 28th. Evercore dropped their price target on 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. Weiss Ratings cut S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Finally, BMO Capital Markets upped their price objective on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Eighteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $545.28.

S&P Global Stock Down 1.7%

SPGI opened at $395.41 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The firm has a 50 day moving average price of $421.79 and a 200 day moving average price of $453.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $117.04 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the company posted $4.37 earnings per share. S&P Global’s revenue was up 10.4% compared to the same quarter last year. 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 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is 24.56%.

Insider Buying and Selling

In related news, CEO Martina Cheung purchased 2,322 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 5,974 shares of company stock valued at $2,576,775. Company insiders own 0.03% of the company’s stock.

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.