SteelPeak Wealth LLC Raises Stock Position in S&P Global Inc. $SPGI

SteelPeak Wealth LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 21.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 9,782 shares of the business services provider’s stock after acquiring an additional 1,708 shares during the period. SteelPeak Wealth LLC’s holdings in S&P Global were worth $4,161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after acquiring an additional 75 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of S&P Global by 5.5% in the second quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock valued at $893,511,000 after acquiring an additional 88,526 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of S&P Global in the second quarter worth approximately $552,000. Finally, Main Street Financial Solutions LLC boosted its stake in shares of S&P Global by 17.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock worth $1,694,000 after acquiring an additional 472 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at S&P Global

In other S&P Global news, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average cost of $434.03 per share, with a total value of $500,002.56. Following the purchase, the director owned 1,152 shares of the company’s stock, valued at $500,002.56. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 5,974 shares of company stock worth $2,576,775. Insiders own 0.03% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $457.34 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $420.74 and a 200 day moving average price of $445.29. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The stock has a market cap of $135.37 billion, a P/E ratio of 28.95, a PEG ratio of 2.13 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, beating the consensus estimate 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 company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business posted $4.37 EPS. S&P Global’s revenue 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. Sell-side analysts anticipate that S&P Global Inc. will post 19.49 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s payout ratio is presently 24.56%.

Wall Street Analyst Weigh In

SPGI has been the subject of several research reports. Royal Bank Of Canada dropped their price target on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Rothschild & Co Redburn decreased their price objective 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 shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $550.00 to $535.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Seventeen investment 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 an average rating of “Moderate Buy” and an average target price of $532.00.

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.