Westerkirk Capital Inc. Makes New Investment in S&P Global Inc. $SPGI

Westerkirk Capital Inc. acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 5,594 shares of the business services provider’s stock, valued at approximately $2,923,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Joseph Group Capital Management purchased a new position in S&P Global during the 4th quarter valued at about $29,000. North Star Investment Management Corp. grew its stake in S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 35 shares in the last quarter. Palladiem LLC purchased a new position in S&P Global during the 4th quarter valued at about $36,000. Palisade Asset Management LLC purchased a new position in S&P Global during the 3rd quarter valued at about $36,000. Finally, Ameriflex Group Inc. grew its stake in S&P Global by 171.4% during the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz bought 1,152 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Martina Cheung bought 2,322 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were bought at an average cost of $429.93 per share, with a total value of $998,297.46. Following the transaction, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 5,974 shares of company stock valued at $2,576,775 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

S&P Global Price Performance

NYSE SPGI opened at $417.22 on Tuesday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The stock’s 50-day moving average is $424.64 and its two-hundred day moving average is $460.68. 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 market cap of $123.50 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08.

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 analysts’ consensus estimates of $4.82 by $0.15. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior 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, analysts anticipate that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is presently 24.56%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research analyst reports. Barclays reaffirmed an “overweight” rating and set a $565.00 target price on shares of S&P Global in a research note on Monday, February 23rd. Rothschild & Co Redburn lowered their target price on S&P Global from $585.00 to $540.00 in a research note on Thursday, May 7th. Robert W. Baird set a $546.00 target price on S&P Global in a research note on Wednesday, February 11th. UBS Group reaffirmed a “buy” rating on shares of S&P Global in a research note on Wednesday, May 27th. Finally, Stifel Nicolaus lowered their target price on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Seventeen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $546.39.

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.