LGT Fund Management Co Ltd. Trims Position in S&P Global Inc. $SPGI

LGT Fund Management Co Ltd. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 56.1% in the first quarter, Holdings Channel.com reports. The fund owned 17,109 shares of the business services provider’s stock after selling 21,833 shares during the period. LGT Fund Management Co Ltd.’s holdings in S&P Global were worth $7,277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new position in S&P Global during the 4th quarter valued at $29,000. North Star Investment Management Corp. lifted its position in shares of 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 worth $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC bought a new stake in shares of S&P Global during the 4th quarter valued at about $36,000. Palisade Asset Management LLC bought a new stake in shares of S&P Global during the 3rd quarter valued at about $36,000. Finally, Swiss RE Ltd. purchased a new position in shares of S&P Global during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.6%

NYSE:SPGI traded down $2.81 during mid-day trading on Friday, hitting $430.15. 1,320,839 shares of the company’s stock were exchanged, compared to its average volume of 2,504,758. The company has a market cap of $127.32 billion, a PE ratio of 27.22, a P/E/G ratio of 1.84 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The business has a fifty day moving average price of $419.31 and a 200 day moving average price of $448.10.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share 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 business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm earned $4.37 earnings per share. The business’s revenue for the quarter 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. Equities analysts predict that S&P Global Inc. will post 19.59 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is 24.56%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Rothschild & Co Redburn reduced their target price on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Wells Fargo & Company lowered their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Evercore reduced their price target 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, Daiwa Securities Group decreased their price objective on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Seventeen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $532.00.

Insider Buying and Selling at S&P Global

In related news, CEO Catherine R. Clay bought 2,500 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the purchase, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of S&P Global stock in a transaction dated Thursday, April 30th. The shares were bought at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director directly owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by insiders.

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.