Windmill Hill Asset Management Ltd grew its position in S&P Global Inc. (NYSE:SPGI – Free Report) by 28.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,172 shares of the business services provider’s stock after buying an additional 2,265 shares during the period. S&P Global makes up 1.3% of Windmill Hill Asset Management Ltd’s portfolio, making the stock its 8th largest position. Windmill Hill Asset Management Ltd’s holdings in S&P Global were worth $4,327,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. YANKCOM Partnership lifted its holdings in S&P Global by 7.9% during the fourth quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock worth $135,000 after acquiring an additional 19 shares in the last quarter. LeConte Wealth Management LLC increased its holdings in shares of S&P Global by 4.1% in the fourth quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock worth $267,000 after acquiring an additional 20 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC raised its position in shares of S&P Global by 3.3% during the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock worth $330,000 after purchasing an additional 20 shares during the period. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of S&P Global by 15.6% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 20 shares in the last quarter. Finally, Embree Financial Group lifted its holdings in shares of S&P Global by 2.0% during the 4th quarter. Embree Financial Group now owns 1,090 shares of the business services provider’s stock valued at $570,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on SPGI. Barclays decreased their price objective on S&P Global from $565.00 to $555.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Wells Fargo & Company cut their price target on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $550.00 to $535.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. UBS Group lowered their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Finally, Bank of America dropped their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Seventeen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $532.00.
S&P Global Trading Up 2.9%
NYSE SPGI opened at $457.34 on Friday. The stock has a market capitalization of $135.37 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.13 and a beta of 1.08. The stock’s 50 day moving average price is $420.74 and its two-hundred day moving average price is $445.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05.
S&P Global (NYSE:SPGI – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. The firm had revenue of $4.17 billion during 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 business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, analysts anticipate that S&P Global Inc. will post 19.49 earnings per share for the current fiscal year.
S&P Global Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is presently 24.56%.
Insider Buying and Selling
In other S&P Global news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the stock in a transaction on Thursday, April 30th. The shares were purchased at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the purchase, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This represents a ? 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 this hyperlink. Also, CEO Catherine R. Clay purchased 2,500 shares of the business’s stock in a transaction on Friday, May 1st. The shares were acquired 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 directly owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by 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.
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