S&P Global Inc. $SPGI Shares Bought by Explore Capital Management LLC

Explore Capital Management LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 32.1% in the 4th quarter, Holdings Channel reports. The fund owned 27,750 shares of the business services provider’s stock after purchasing an additional 6,750 shares during the period. S&P Global accounts for 12.0% of Explore Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Explore Capital Management LLC’s holdings in S&P Global were worth $14,502,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Troy Asset Management Ltd grew 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 worth $21,795,000 after buying an additional 8,652 shares in the last quarter. Prime Capital Investment Advisors LLC grew its position in shares of S&P Global by 324.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock worth $13,673,000 after buying an additional 21,481 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of S&P Global by 3.3% during the third quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock worth $456,656,000 after buying an additional 30,080 shares in the last quarter. Collier Financial acquired a new stake in shares of S&P Global during the third quarter worth approximately $2,865,000. Finally, Candriam S.C.A. grew its position in shares of S&P Global by 13.4% during the third quarter. Candriam S.C.A. now owns 124,659 shares of the business services provider’s stock worth $60,673,000 after buying an additional 14,700 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $419.93 on Friday. The company has a market cap of $124.30 billion, a PE ratio of 26.58, a P/E/G ratio of 1.76 and a beta of 1.08. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The firm has a 50-day simple moving average of $424.18 and a 200 day simple moving average of $461.64. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last issued its 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 net margin of 30.37% and a return on equity of 17.26%. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the company posted $4.37 earnings per share. S&P Global’s 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. On average, sell-side 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 will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 24.56%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SPGI. Rothschild & Co Redburn decreased their price target on shares of S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. Daiwa Securities Group decreased their price target on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Bank of America began coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price target for the company. BMO Capital Markets raised their price target on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Finally, Wells Fargo & Company dropped their price target on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Seventeen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $546.39.

Insiders Place Their Bets

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

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.