Sit Investment Associates Inc. Trims Stock Position in S&P Global Inc. $SPGI

Sit Investment Associates Inc. decreased its stake in S&P Global Inc. (NYSE:SPGI) by 5.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,311 shares of the business services provider’s stock after selling 1,360 shares during the period. Sit Investment Associates Inc.’s holdings in S&P Global were worth $11,660,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. MidFirst Bank acquired a new stake in S&P Global during the 4th quarter worth $146,000. Pacer Advisors Inc. lifted its position in S&P Global by 3.3% in the fourth quarter. Pacer Advisors Inc. now owns 26,504 shares of the business services provider’s stock valued at $13,851,000 after acquiring an additional 854 shares during the last quarter. Arrow Capital Management LLC acquired a new position in S&P Global in the fourth quarter valued at $4,784,000. MV Capital Management Inc. acquired a new position in S&P Global in the fourth quarter valued at $100,000. Finally, Cambient Family Office LLC purchased a new position in shares of S&P Global during the fourth quarter worth about $444,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 1.6%

Shares of S&P Global stock opened at $411.32 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $121.75 billion, a P/E ratio of 26.03, a PEG ratio of 1.78 and a beta of 1.08. The company’s fifty day moving average is $424.07 and its two-hundred day moving average is $456.61.

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 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 company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business posted $4.37 earnings per share. S&P Global’s quarterly 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. Analysts forecast that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were issued a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 24.56%.

Insider Activity at S&P Global

In related news, 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 purchased at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the transaction, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of S&P Global stock in a transaction on Thursday, April 30th. The shares were bought 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 owned 1,152 shares in the company, valued at $500,002.56. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 5,974 shares of company stock worth $2,576,775 in the last quarter. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Jefferies Financial Group lifted their target price on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Evercore decreased their target price on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. UBS Group restated a “buy” rating on shares of S&P Global in a research note on Wednesday, May 27th. Weiss Ratings lowered S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of S&P Global in a research report on Tuesday, April 28th. Eighteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $545.28.

About S&P Global

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.