Dockside LLC Purchases New Stake in S&P Global Inc. $SPGI

Dockside LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,317 shares of the business services provider’s stock, valued at approximately $1,733,000.

Several other large investors have also recently added to or reduced their stakes in SPGI. Troy Asset Management Ltd grew its stake in shares of S&P Global by 26.2% in the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock worth $21,795,000 after purchasing an additional 8,652 shares in the last quarter. Cardano Risk Management B.V. acquired a new position in S&P Global during the third quarter worth about $89,401,000. First Merchants Corp grew its holdings 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 acquiring an additional 2,733 shares during the period. Vinva Investment Management Ltd boosted its position in shares of S&P Global by 21.4% in the 3rd quarter. Vinva Investment Management Ltd now owns 26,382 shares of the business services provider’s stock valued at $12,963,000 after purchasing an additional 4,659 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $3,652,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Catherine R. Clay purchased 2,500 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the purchase, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $434.03 per share, with a total value 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. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is currently owned by company insiders.

S&P Global Trading Up 1.5%

Shares of NYSE SPGI opened at $419.53 on Friday. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The firm has a market capitalization of $124.18 billion, a PE ratio of 26.55, a PEG ratio of 1.79 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. The business has a 50-day moving average price of $424.82 and a two-hundred day moving average price of $458.93.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 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 during the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the company posted $4.37 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. 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 19.61 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is presently 24.56%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SPGI shares. Wells Fargo & Company decreased their price target on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Bank of America started coverage on S&P Global in a research report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target for the company. Jefferies Financial Group increased their price target on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Barclays reiterated an “overweight” rating and issued a $565.00 price target on shares of S&P Global in a research report on Monday, February 23rd. Finally, UBS Group restated a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Seventeen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.