Sequoia Financial Advisors LLC Has $3.44 Million Stake in S&P Global Inc. $SPGI

Sequoia Financial Advisors LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 15.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,086 shares of the business services provider’s stock after selling 1,461 shares during the period. Sequoia Financial Advisors LLC’s holdings in S&P Global were worth $3,439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Troy Asset Management Ltd raised its position in shares of S&P Global by 26.2% during the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after buying an additional 8,652 shares during the last quarter. First Merchants Corp grew its position in S&P Global by 19.7% during the fourth quarter. First Merchants Corp now owns 16,614 shares of the business services provider’s stock worth $8,682,000 after buying an additional 2,733 shares in the last quarter. Capital International Inc. CA increased its stake in S&P Global by 11.6% during the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after acquiring an additional 7,343 shares during the period. V Square Quantitative Management LLC bought a new position in S&P Global during the fourth quarter valued at about $3,652,000. Finally, Dakota Wealth Management acquired a new position in S&P Global in the 4th quarter valued at approximately $1,578,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In other S&P Global news, CEO Martina Cheung purchased 2,322 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were acquired at an average cost 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 approximately $11,830,813.74. The trade was a 9.22% 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 Catherine R. Clay purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the acquisition, 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. The SEC filing for this purchase provides additional information. Insiders have acquired 5,974 shares of company stock valued at $2,576,775 in the last three months. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SPGI. UBS Group reduced their price objective on 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. Royal Bank Of Canada lowered their price objective on S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Wells Fargo & Company cut their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. The Goldman Sachs Group reduced their target price on S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, BMO Capital Markets lifted their price target on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Seventeen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $532.00.

S&P Global Trading Up 1.8%

Shares of S&P Global stock opened at $438.09 on Tuesday. The stock has a market capitalization of $129.67 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08. 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 50-day simple moving average of $419.44 and a 200 day simple moving average of $446.97. 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 results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period 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. Research analysts expect that S&P Global Inc. will post 19.59 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. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s 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.