S&P Global Inc. $SPGI Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 8.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 12,079 shares of the business services provider’s stock after selling 1,130 shares during the period. Kestra Advisory Services LLC’s holdings in S&P Global were worth $5,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Troy Asset Management Ltd grew its stake in S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after purchasing an additional 8,652 shares during the last quarter. First Merchants Corp raised its stake in shares of 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 worth $8,682,000 after purchasing an additional 2,733 shares during the last quarter. Capital International Inc. CA raised its stake in shares of S&P Global by 11.6% in the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock worth $36,955,000 after purchasing an additional 7,343 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of S&P Global in the fourth quarter worth about $3,652,000. Finally, Dakota Wealth Management acquired a new stake in shares of S&P Global during the fourth quarter worth about $1,578,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other S&P Global news, Director Robert Edward Jr. Moritz purchased 1,152 shares of S&P Global stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average price of $434.03 per share, with a total value of $500,002.56. Following the acquisition, the director owned 1,152 shares of the company’s stock, valued at $500,002.56. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Catherine R. Clay purchased 2,500 shares of the stock in a transaction on Friday, May 1st. The shares were acquired 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 $1,078,475. This represents a ∞ 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 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SPGI shares. Royal Bank Of Canada dropped their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $550.00 to $535.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Morgan Stanley dropped their price objective on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Barclays cut their price objective on shares of S&P Global from $565.00 to $555.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, The Goldman Sachs Group reduced their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Seventeen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $532.00.

S&P Global Stock Performance

SPGI opened at $444.35 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a fifty day moving average price of $420.17 and a 200 day moving average price of $445.79. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The stock has a market cap of $131.53 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.10 and a beta of 1.08.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, beating the consensus estimate of $4.82 by $0.15. The company 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 revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts anticipate that S&P Global Inc. will post 19.49 earnings per share for the current year.

S&P Global Announces Dividend

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 dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is presently 24.56%.

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.