Equitable Trust Co. Trims Stake in S&P Global Inc. $SPGI

Equitable Trust Co. lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 5.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 20,906 shares of the business services provider’s stock after selling 1,303 shares during the period. Equitable Trust Co.’s holdings in S&P Global were worth $8,892,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SPGI. Norges Bank acquired a new position in shares of S&P Global in the fourth quarter worth $2,398,991,000. Cardano Risk Management B.V. boosted its stake 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 valued at $919,879,000 after acquiring an additional 1,576,544 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake 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 valued at $755,996,000 after acquiring an additional 1,385,249 shares during the last quarter. Capital International Investors increased its position in S&P Global by 43.6% during the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after purchasing an additional 922,433 shares in the last quarter. Finally, TCI Fund Management Ltd. increased its position in S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after purchasing an additional 600,440 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the transaction, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This trade represents a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Martina Cheung purchased 2,322 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were bought 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. The trade was a 9.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 5,974 shares of company stock valued at $2,576,775. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group cut their target price on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday. The Goldman Sachs Group decreased their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Morgan Stanley lowered their price target on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday. Barclays cut their price objective on shares of S&P Global from $565.00 to $555.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Mizuho raised their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $533.47.

S&P Global Stock Performance

S&P Global stock opened at $432.63 on Friday. The stock has a fifty day moving average price of $419.38 and a 200 day moving average price of $448.23. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The firm has a market capitalization of $128.06 billion, a P/E ratio of 27.38, a PEG ratio of 1.84 and a beta of 1.08. 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 (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the company earned $4.37 EPS. The firm’s quarterly revenue 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 year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio is presently 24.56%.

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.