Hsbc Holdings PLC Sells 185,952 Shares of S&P Global Inc. $SPGI

Hsbc Holdings PLC cut its holdings in S&P Global Inc. (NYSE:SPGI) by 18.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 844,936 shares of the business services provider’s stock after selling 185,952 shares during the quarter. Hsbc Holdings PLC’s holdings in S&P Global were worth $442,302,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SPGI. Norges Bank bought a new position in S&P Global in the fourth quarter valued at approximately $2,398,991,000. Cardano Risk Management B.V. increased its position in shares of S&P Global by 858.3% during the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after acquiring an additional 1,576,544 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of S&P Global by 2,256.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock worth $755,996,000 after acquiring an additional 1,385,249 shares in the last quarter. Capital International Investors increased its position in shares of S&P Global by 43.6% during 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. Finally, TCI Fund Management Ltd. raised its holdings in shares of S&P Global by 5.4% during the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after acquiring an additional 600,440 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

NYSE SPGI opened at $411.32 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The company has a market capitalization of $121.75 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. The firm’s 50 day moving average is $423.56 and its 200-day moving average is $456.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping 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 business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm posted $4.37 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. 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 fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is 24.56%.

Wall Street Analyst Weigh In

Several research firms recently commented on SPGI. JPMorgan Chase & Co. boosted their price objective 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. Jefferies Financial Group increased 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. Morgan Stanley lifted their price target on S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. 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 report on Thursday, April 16th. Finally, Weiss Ratings cut S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Eighteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $545.28.

Insiders Place Their Bets

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

About S&P Global

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.