Corient Private Wealth LLC Purchases 77,542 Shares of S&P Global Inc. $SPGI

Corient Private Wealth LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 14.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 630,261 shares of the business services provider’s stock after purchasing an additional 77,542 shares during the quarter. Corient Private Wealth LLC’s holdings in S&P Global were worth $329,368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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. lifted its holdings in S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares during the period. Palladiem LLC purchased a new stake in S&P Global in the 4th quarter worth approximately $36,000. Palisade Asset Management LLC bought a new stake in shares of S&P Global in the 3rd quarter worth approximately $36,000. Finally, Ameriflex Group Inc. grew its position in shares of S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after buying an additional 48 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $411.32 on Friday. The company has a 50 day simple moving average of $424.07 and a two-hundred day simple moving average of $456.61. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The company has a market capitalization of $121.75 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping 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 firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the firm posted $4.37 earnings per share. The company’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. Analysts expect that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, May 29th. S&P Global’s dividend payout ratio (DPR) is currently 24.56%.

Insiders Place Their Bets

In other news, CEO Catherine R. Clay purchased 2,500 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of $431.39 per share, for a total transaction 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 represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Martina Cheung purchased 2,322 shares of S&P Global stock in a transaction that occurred on Wednesday, April 29th. The shares were purchased 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 $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 5,974 shares of company stock valued at $2,576,775. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on SPGI shares. Rothschild & Co Redburn dropped their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday. Barclays restated an “overweight” rating and issued a $565.00 price objective on shares of S&P Global in a report on Monday, February 23rd. Evercore dropped their target price on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Jefferies Financial Group lifted their target price 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. Finally, UBS Group reiterated a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Eighteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $545.28.

S&P Global 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.