iA Global Asset Management Inc. Decreases Stake in S&P Global Inc. $SPGI

iA Global Asset Management Inc. cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 26.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,062 shares of the business services provider’s stock after selling 23,352 shares during the quarter. iA Global Asset Management Inc.’s holdings in S&P Global were worth $27,248,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Troy Asset Management Ltd raised its holdings in 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 purchasing an additional 8,652 shares during the last quarter. First Merchants Corp grew its holdings in S&P Global by 19.7% in the fourth quarter. First Merchants Corp now owns 16,614 shares of the business services provider’s stock valued at $8,682,000 after purchasing an additional 2,733 shares during the last quarter. Vinva Investment Management Ltd increased its position in shares of S&P Global by 21.4% in the third quarter. Vinva Investment Management Ltd now owns 26,382 shares of the business services provider’s stock valued at $12,963,000 after buying an additional 4,659 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of S&P Global during the 4th quarter worth $3,652,000. Finally, Capital International Inc. CA boosted its position in shares of S&P Global by 11.6% in the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock worth $36,955,000 after buying an additional 7,343 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.3%

Shares of SPGI stock opened at $407.18 on Wednesday. The firm has a 50-day moving average price of $420.09 and a 200 day moving average price of $451.61. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The company has a market capitalization of $120.52 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.74 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.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.15. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Research analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is currently 24.56%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Rothschild & Co Redburn cut their target price 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. BMO Capital Markets upped their price target on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Jefferies Financial Group increased their price target on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of S&P Global in a research note on Tuesday, April 28th. Eighteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $545.28.

Insider Transactions at S&P Global

In other S&P Global news, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the transaction, the chief executive officer directly owned 2,500 shares in the company, valued at approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Martina Cheung bought 2,322 shares of S&P Global stock in a transaction that occurred on Wednesday, April 29th. The shares were acquired at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the transaction, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 5,974 shares of company stock worth $2,576,775 over the last quarter. 0.03% of the stock is currently owned by insiders.

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.