Pittenger & Anderson Inc. Increases Stake in S&P Global Inc. $SPGI

Pittenger & Anderson Inc. grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 5.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 54,973 shares of the business services provider’s stock after purchasing an additional 2,708 shares during the quarter. Pittenger & Anderson Inc.’s holdings in S&P Global were worth $23,382,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SPGI. Joseph Group Capital Management bought a new stake in shares of S&P Global in the fourth quarter worth about $29,000. North Star Investment Management Corp. boosted its stake 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 valued at $32,000 after buying an additional 35 shares during the last quarter. Palladiem LLC bought a new position in S&P Global during the fourth quarter valued at approximately $36,000. Palisade Asset Management LLC purchased a new position in S&P Global during the 3rd quarter valued at approximately $36,000. Finally, Swiss RE Ltd. purchased a new position in S&P Global during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price objective on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $550.00 to $535.00 and set an “overweight” rating on the stock in a research report on Wednesday. Jefferies Financial Group upped 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 note on Monday, April 27th. Morgan Stanley lowered their price objective on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Finally, BMO Capital Markets lifted their price objective on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $532.00.

Insider Buying and Selling at S&P Global

In other news, CEO Catherine R. Clay purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the purchase, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Martina Cheung purchased 2,322 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were purchased at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the acquisition, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. The trade was a 9.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 5,974 shares of company stock worth $2,576,775 over the last quarter. Insiders own 0.03% of the company’s stock.

S&P Global Trading Down 0.6%

Shares of NYSE:SPGI traded down $2.81 during trading on Friday, hitting $430.15. The company had a trading volume of 1,320,839 shares, compared to its average volume of 2,504,758. The stock has a market cap of $127.32 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.84 and a beta of 1.08. 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 company has a fifty day simple moving average of $419.31 and a two-hundred day simple moving average of $448.10. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last released 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 return on equity of 17.26% and a net margin of 30.37%.The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the company posted $4.37 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 19.59 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s payout ratio is 24.56%.

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.