Dash Acquisitions Inc. Makes New Investment in S&P Global Inc. $SPGI

Dash Acquisitions Inc. acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, Holdings Channel.com reports. The firm acquired 10,542 shares of the business services provider’s stock, valued at approximately $5,509,000. S&P Global comprises about 1.1% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 23rd biggest position.

Other hedge funds have also recently bought and sold shares of the company. J.Safra Asset Management Corp acquired a new stake in S&P Global during the third quarter worth approximately $29,000. Joseph Group Capital Management acquired a new stake in S&P Global during the fourth quarter worth approximately $29,000. North Star Investment Management Corp. lifted its position in S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after acquiring an additional 35 shares during the last quarter. Palisade Asset Management LLC acquired a new stake in S&P Global during the third quarter worth approximately $36,000. Finally, Ameriflex Group Inc. raised its position in shares of S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after buying an additional 48 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at S&P Global

In other news, CEO Martina Cheung acquired 2,322 shares of the stock in a transaction on Wednesday, April 29th. The stock was acquired at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the transaction, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $431.39 per share, with a total value 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. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 5,974 shares of company stock worth $2,576,775 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of analyst reports. BMO Capital Markets lifted their price target on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Jefferies Financial Group lifted their price target on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Mizuho lifted their price target on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Robert W. Baird set a $546.00 price target on shares of S&P Global in a research report on Wednesday, February 11th. Finally, Barclays reiterated an “overweight” rating and issued a $565.00 price target on shares of S&P Global in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $550.00.

S&P Global Stock Down 0.7%

NYSE SPGI opened at $403.72 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. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The company has a 50 day moving average of $428.80 and a 200-day moving average of $469.78. The company has a market cap of $119.50 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 1.74 and a beta of 1.11.

S&P Global (NYSE:SPGI) last released its quarterly 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 company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the business earned $4.37 earnings per share. The firm’s quarterly 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. On average, equities research analysts expect that S&P Global Inc. will post 19.59 earnings per share for the current fiscal year.

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.