Lazard Asset Management LLC Has $268.21 Million Stock Holdings in S&P Global Inc. $SPGI

Lazard Asset Management LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 630,575 shares of the business services provider’s stock after acquiring an additional 1,325 shares during the quarter. Lazard Asset Management LLC’s holdings in S&P Global were worth $268,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Family Manage LLC acquired a new position in shares of S&P Global in the 1st quarter worth approximately $221,000. Westport Asset Management Inc. bought a new stake in shares of S&P Global in the 1st quarter valued at $1,276,000. Gateway Wealth Partners LLC acquired a new stake in shares of S&P Global during the first quarter worth $433,000. Weiss Asset Management LP acquired a new stake in shares of S&P Global during the first quarter worth $11,443,000. Finally, OMERS ADMINISTRATION Corp raised its stake in S&P Global by 1.0% during the first quarter. OMERS ADMINISTRATION Corp now owns 341,247 shares of the business services provider’s stock worth $145,146,000 after buying an additional 3,318 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Down 0.0%

NYSE:SPGI opened at $426.19 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $126.15 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 2.16 and a beta of 1.08. The firm has a fifty day simple moving average of $423.27 and a two-hundred day simple moving average of $441.46. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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. The firm had revenue of $4.17 billion for 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 business’s quarterly revenue was up 10.4% compared to the same quarter last year. 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. Analysts expect that S&P Global Inc. will post 18.37 EPS for the current fiscal year.

S&P Global Dividend Announcement

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 issued a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio is presently 24.56%.

Analysts Set New Price Targets

Several research firms recently issued reports on SPGI. Bank of America dropped their target price on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Mizuho boosted their price objective on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Morgan Stanley decreased their target price on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Jefferies Financial Group raised their target price on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Evercore lowered their target price on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $533.59.

Insiders Place Their Bets

In other news, CEO Martina Cheung bought 2,322 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $434.03 per share, with a total value of $500,002.56. Following the purchase, the director directly owned 1,152 shares in the company, valued at $500,002.56. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.

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.