S&P Global Inc. $SPGI Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 98.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,926 shares of the business services provider’s stock after selling 170,283 shares during the quarter. Manning & Napier Advisors LLC’s holdings in S&P Global were worth $819,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of S&P Global by 0.4% during 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 acquiring an additional 117,728 shares during the last quarter. State Street Corp increased its position in S&P Global by 1.1% during the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after purchasing an additional 157,301 shares during the last quarter. TCI Fund Management Ltd. raised its stake in S&P Global by 5.4% during 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 raised its stake in S&P Global by 3.3% during 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 acquired a new position in S&P Global in the 4th quarter valued at about $2,398,991,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE:SPGI opened at $430.15 on Monday. 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 capitalization of $127.32 billion, a P/E ratio of 27.22, a PEG ratio of 1.77 and a beta of 1.08. The company has a 50 day moving average price of $419.31 and a 200 day moving average price of $447.58. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05.

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, beating analysts’ consensus estimates 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 company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the company earned $4.37 earnings per share. The firm’s quarterly revenue 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. Equities research analysts forecast that S&P Global Inc. will post 19.59 EPS 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. Investors of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s payout ratio is currently 24.56%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Mizuho raised their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Jefferies Financial Group upped their price objective on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. The Goldman Sachs Group cut their target price on S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Wall Street Zen upgraded S&P Global to a “hold” rating in a research report on Saturday, July 4th. Finally, Daiwa Securities Group decreased their price target on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Seventeen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $532.00.

Insider Activity at S&P Global

In other news, Director Robert Edward Jr. Moritz bought 1,152 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average price of $434.03 per share, with a total value of $500,002.56. Following the purchase, the director owned 1,152 shares in the company, valued at approximately $500,002.56. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Catherine R. Clay bought 2,500 shares of the stock in a transaction that occurred 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 acquisition, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is currently owned by company insiders.

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.