Nuveen LLC Decreases Holdings in S&P Global Inc. $SPGI

Nuveen LLC reduced its position in S&P Global Inc. (NYSE:SPGI) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,900,480 shares of the business services provider’s stock after selling 48,640 shares during the period. Nuveen LLC’s holdings in S&P Global were worth $993,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SPGI. Brighton Jones LLC lifted its holdings in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after purchasing an additional 75 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of S&P Global by 5.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock valued at $893,511,000 after purchasing an additional 88,526 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of S&P Global in the 2nd quarter valued at about $552,000. Finally, Main Street Financial Solutions LLC lifted its holdings in shares of S&P Global by 17.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock valued at $1,694,000 after purchasing an additional 472 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 3.0%

SPGI opened at $413.71 on Friday. The business has a 50 day moving average price of $424.96 and a two-hundred day moving average price of $459.21. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market cap of $122.46 billion, a PE ratio of 26.18, a P/E/G ratio of 1.82 and a beta of 1.08. 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) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, beating the consensus estimate 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 firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, research analysts anticipate that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced 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 was Friday, May 29th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is presently 24.56%.

Insiders Place Their Bets

In other S&P Global news, Director Robert Edward Jr. Moritz bought 1,152 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $434.03 per share, for a total transaction of $500,002.56. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Martina Cheung bought 2,322 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were acquired at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the transaction, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 5,974 shares of company stock worth $2,576,775. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SPGI shares. Weiss Ratings downgraded S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Bank of America started coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price for the company. Evercore reduced their target price on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Mizuho boosted their target price on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, UBS Group reissued a “buy” rating on shares of S&P Global in a report on Wednesday, May 27th. Seventeen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $546.39.

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.