Cerity Partners LLC Buys 5,117 Shares of S&P Global Inc. $SPGI

Cerity Partners LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,261 shares of the business services provider’s stock after purchasing an additional 5,117 shares during the period. Cerity Partners LLC’s holdings in S&P Global were worth $104,132,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SPGI. Cantillon Capital Management LLC boosted its stake in S&P Global by 0.8% during the fourth quarter. Cantillon Capital Management LLC now owns 1,755,624 shares of the business services provider’s stock worth $917,472,000 after acquiring an additional 13,209 shares in the last quarter. LPL Financial LLC boosted its stake in S&P Global by 1.7% during the fourth quarter. LPL Financial LLC now owns 320,238 shares of the business services provider’s stock worth $167,353,000 after acquiring an additional 5,225 shares in the last quarter. Erste Asset Management GmbH boosted its stake in S&P Global by 64.1% during the fourth quarter. Erste Asset Management GmbH now owns 264,741 shares of the business services provider’s stock worth $139,398,000 after acquiring an additional 103,425 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in S&P Global by 2.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 73,966 shares of the business services provider’s stock worth $38,654,000 after acquiring an additional 1,748 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in S&P Global during the fourth quarter worth about $816,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.8%

SPGI opened at $424.52 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average price of $425.00 and a 200-day moving average price of $460.22. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The stock has a market capitalization of $125.66 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.78 and a beta of 1.08.

S&P Global (NYSE:SPGI) last released 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. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the company 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. Equities research analysts forecast that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on SPGI. Daiwa Securities Group dropped their price objective on shares of 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. BMO Capital Markets boosted their price objective on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Bank of America began coverage on shares of S&P Global in a research note on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company dropped their price objective on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Seventeen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $546.39.

Insider Activity at S&P Global

In other S&P Global news, CEO Martina Cheung bought 2,322 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was bought 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 owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This represents a 9.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the business’s stock in a transaction that occurred 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 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is 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.