S&P Global Inc. $SPGI Position Raised by Brookstone Capital Management

Brookstone Capital Management raised its stake in S&P Global Inc. (NYSE:SPGI) by 21.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 19,350 shares of the business services provider’s stock after buying an additional 3,455 shares during the quarter. Brookstone Capital Management’s holdings in S&P Global were worth $8,231,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SPGI. Joseph Group Capital Management acquired a new stake in shares of S&P Global in the 4th quarter worth about $29,000. North Star Investment Management Corp. boosted its stake in S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC acquired a new position in S&P Global during the 4th quarter valued at about $36,000. Palisade Asset Management LLC bought a new position in S&P Global in the 3rd quarter worth about $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.9%

SPGI opened at $407.33 on Tuesday. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. 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 stock’s fifty day moving average is $423.22 and its 200-day moving average is $455.43. The company has a market capitalization of $120.57 billion, a PE ratio of 25.78, a P/E/G ratio of 1.75 and a beta of 1.08.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.15. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations 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 last year, the business posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities analysts predict that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Mizuho lifted their target price on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Evercore decreased their price target on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Wells Fargo & Company lowered their price target on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Finally, Morgan Stanley upped their price objective on shares of S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Eighteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $545.28.

Insider Buying and Selling

In other S&P Global news, Director Robert Edward Jr. Moritz bought 1,152 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the purchase, the director directly owned 1,152 shares in the company, valued at approximately $500,002.56. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Martina Cheung bought 2,322 shares of S&P Global stock in a transaction that occurred on 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 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 SEC filing for this purchase provides additional information. Insiders have acquired 5,974 shares of company stock worth $2,576,775 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.