Bridges Investment Management Inc. Grows Stock Position in S&P Global Inc. $SPGI

Bridges Investment Management Inc. boosted its position in S&P Global Inc. (NYSE:SPGI) by 10.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 219,986 shares of the business services provider’s stock after purchasing an additional 20,902 shares during the period. S&P Global makes up approximately 1.5% of Bridges Investment Management Inc.’s holdings, making the stock its 19th largest holding. Bridges Investment Management Inc.’s holdings in S&P Global were worth $114,962,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SPGI. Joseph Group Capital Management bought a new position in shares of S&P Global in the fourth quarter worth $29,000. North Star Investment Management Corp. boosted its holdings in shares of S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after acquiring an additional 35 shares during the period. Palisade Asset Management LLC bought a new position in shares of S&P Global in the third quarter worth $36,000. Ameriflex Group Inc. boosted its holdings in shares of S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after acquiring an additional 48 shares during the period. Finally, Ares Financial Consulting LLC bought a new position in shares of S&P Global in the fourth quarter worth $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 2.8%

SPGI opened at $416.77 on Wednesday. The company has a market cap of $123.36 billion, a P/E ratio of 26.38, a P/E/G ratio of 1.83 and a beta of 1.08. The business’s 50-day moving average price is $424.48 and its 200-day moving average price is $463.35. The company has a current ratio of 0.68, a quick 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.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $4.82 by $0.15. The firm had revenue of $4.17 billion for 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 company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities analysts expect that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 29th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, May 29th. S&P Global’s payout ratio is currently 24.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group reaffirmed a “buy” rating on shares of S&P Global in a report on Wednesday, May 27th. Royal Bank Of Canada cut their price target on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Jefferies Financial Group raised their price target 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 cut their price target on S&P Global from $585.00 to $540.00 in a report on Thursday, May 7th. Finally, Morgan Stanley raised their price target on S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Seventeen analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $546.39.

Insider Activity at S&P Global

In other S&P Global news, CEO Martina Cheung purchased 2,322 shares of S&P Global stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the acquisition, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Catherine R. Clay acquired 2,500 shares of the business’s stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the transaction, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 5,974 shares of company stock worth $2,576,775 in the last 90 days. 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.