Clio Asset Management LLC Sells 3,548 Shares of S&P Global Inc. $SPGI

Clio Asset Management LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 27.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 9,517 shares of the business services provider’s stock after selling 3,548 shares during the quarter. S&P Global accounts for approximately 3.4% of Clio Asset Management LLC’s investment portfolio, making the stock its 13th largest holding. Clio Asset Management LLC’s holdings in S&P Global were worth $4,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Joseph Group Capital Management acquired a new stake in S&P Global during the fourth quarter worth $29,000. North Star Investment Management Corp. increased its holdings in S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after buying an additional 35 shares during the period. Palisade Asset Management LLC acquired a new position in shares of S&P Global in the 3rd quarter valued at $36,000. Palladiem LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $36,000. Finally, Ameriflex Group Inc. lifted its holdings in shares of S&P Global by 171.4% during the 3rd 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. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 1.7%

Shares of NYSE SPGI opened at $395.41 on Friday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week 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 business has a fifty day moving average of $421.79 and a two-hundred day moving average of $453.35. The stock has a market cap of $117.04 billion, a PE ratio of 25.03, a PEG ratio of 1.72 and a beta of 1.08.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.15. The business 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 firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 1.0%. S&P Global’s payout ratio is 24.56%.

Insiders Place Their Bets

In other news, CEO Catherine R. Clay bought 2,500 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $431.39 per share, for a total transaction 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 approximately $1,078,475. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of S&P Global stock in a transaction dated 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 completion of the acquisition, the director directly owned 1,152 shares in the company, valued at $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. Over the last ninety days, insiders have bought 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent research reports. Weiss Ratings lowered shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Rothschild & Co Redburn dropped their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Evercore lowered their price objective on S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Finally, Morgan Stanley upped their price objective on S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Eighteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average price target 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.