Prevail Innovative Wealth Advisors LLC Boosts Stake in S&P Global Inc. $SPGI

Prevail Innovative Wealth Advisors LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,451 shares of the business services provider’s stock after purchasing an additional 1,350 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in S&P Global were worth $4,939,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Joseph Group Capital Management purchased a new position in shares of S&P Global during the fourth quarter worth approximately $29,000. North Star Investment Management Corp. increased its position in shares of S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after acquiring an additional 35 shares during the period. Palisade Asset Management LLC purchased a new position in shares of S&P Global during the third quarter worth approximately $36,000. Ameriflex Group Inc. increased its position in shares of S&P Global by 171.4% during the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after acquiring an additional 48 shares during the period. Finally, Ares Financial Consulting LLC purchased a new position in shares of S&P Global during the fourth quarter worth approximately $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SPGI shares. UBS Group dropped their price objective on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Stifel Nicolaus dropped their price objective on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Bank of America started coverage on shares of S&P Global in a research note on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective on the stock. Daiwa Securities Group dropped their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Seventeen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $546.39.

Insider Buying and Selling at S&P Global

In other news, Director Robert Edward Jr. Moritz bought 1,152 shares of the stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $434.03 per share, for a total transaction 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. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Catherine R. Clay bought 2,500 shares of the stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the purchase, the chief executive officer owned 2,500 shares of the company’s stock, valued at $1,078,475. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 5,974 shares of company stock worth $2,576,775 over the last three months. Corporate insiders own 0.03% of the company’s stock.

S&P Global Price Performance

Shares of SPGI opened at $416.72 on Thursday. The company has a market cap of $123.35 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.11. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. 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 moving average of $425.83 and a two-hundred day moving average of $467.62.

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 company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. S&P Global’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, analysts predict that S&P Global Inc. will post 19.59 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, May 29th. S&P Global’s dividend payout ratio (DPR) is 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.