NewEdge Wealth LLC Sells 4,391 Shares of S&P Global Inc. $SPGI

NewEdge Wealth LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 61.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,735 shares of the business services provider’s stock after selling 4,391 shares during the period. NewEdge Wealth LLC’s holdings in S&P Global were worth $1,163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in S&P Global by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after purchasing an additional 117,728 shares during the period. State Street Corp grew its position in shares of S&P Global by 1.1% during the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock valued at $7,451,971,000 after purchasing an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. increased its holdings in shares of S&P Global by 5.4% in the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after purchasing an additional 600,440 shares during the period. Morgan Stanley increased its holdings in shares of S&P Global by 3.3% in the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after purchasing an additional 263,051 shares during the period. Finally, Norges Bank purchased a new stake in shares of S&P Global in the fourth quarter worth $2,398,991,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research analyst reports. UBS Group dropped their price objective on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. The Goldman Sachs Group decreased their target price on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Rothschild & Co Redburn lowered their price target 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. Evercore dropped their price target on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Finally, Royal Bank Of Canada cut their price objective on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $533.59.

Insider Transactions at S&P Global

In other news, CEO Catherine R. Clay acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the acquisition, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, with a total value of $500,002.56. Following the transaction, the director directly owned 1,152 shares in the company, 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. In the last three months, insiders bought 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is currently owned by corporate insiders.

S&P Global Stock Performance

S&P Global stock opened at $426.19 on Monday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $126.15 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08. The firm’s fifty day moving average price is $423.27 and its 200-day moving average price is $441.46.

S&P Global (NYSE:SPGI) last announced 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 company had revenue of $4.17 billion during 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts expect that S&P Global Inc. will post 18.37 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

S&P Global 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.