Praxis Investment Management Inc. Purchases 1,204 Shares of S&P Global Inc. $SPGI

Praxis Investment Management Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 32.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,938 shares of the business services provider’s stock after acquiring an additional 1,204 shares during the quarter. Praxis Investment Management Inc.’s holdings in S&P Global were worth $2,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. YANKCOM Partnership increased its position in shares of S&P Global by 7.9% during the 4th quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock worth $135,000 after purchasing an additional 19 shares during the last quarter. LeConte Wealth Management LLC lifted its stake in shares of S&P Global by 4.1% during the 4th quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock worth $267,000 after buying an additional 20 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC boosted its holdings in shares of S&P Global by 3.3% during the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock worth $330,000 after acquiring an additional 20 shares during the period. Steigerwald Gordon & Koch Inc. grew its holdings in S&P Global by 15.6% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after buying an additional 20 shares in the last quarter. Finally, Embree Financial Group grew its stake in shares of S&P Global by 2.0% in the fourth quarter. Embree Financial Group now owns 1,090 shares of the business services provider’s stock valued at $570,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity

In other news, Director Robert Edward Jr. Moritz bought 1,152 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $434.03 per share, with a total value of $500,002.56. Following the transaction, the director directly owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Martina Cheung purchased 2,322 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were purchased at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the purchase, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 5,974 shares of company stock worth $2,576,775 in the last three months. Company insiders own 0.03% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $438.31 on Friday. 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 Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The company has a fifty day moving average of $419.23 and a 200-day moving average of $450.50. The firm has a market capitalization of $129.74 billion, a P/E ratio of 27.74, a P/E/G ratio of 1.88 and a beta of 1.08.

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 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%. S&P Global’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 24.56%.

Wall Street Analyst Weigh In

SPGI has been the subject of several analyst reports. Wall Street Zen raised S&P Global to a “hold” rating in a report on Saturday. UBS Group reiterated a “buy” rating on shares of S&P Global in a report on Wednesday, May 27th. JPMorgan Chase & Co. lifted their target price on shares of S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Mizuho increased their price target on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, Daiwa Securities Group decreased their price objective 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. Seventeen research 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $540.65.

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.