S&P Global Inc. $SPGI Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,000 shares of the business services provider’s stock after selling 2,088 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in S&P Global were worth $8,081,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPGI. Joseph Group Capital Management purchased a new stake in shares of S&P Global during the 4th quarter worth $29,000. North Star Investment Management Corp. increased its holdings in shares of 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 valued at $32,000 after purchasing an additional 35 shares in the last quarter. Palladiem LLC purchased a new position in shares of S&P Global in the 4th quarter valued at about $36,000. Palisade Asset Management LLC acquired a new stake in shares of S&P Global in the third quarter valued at about $36,000. Finally, Swiss RE Ltd. acquired a new stake in shares of S&P Global in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In related news, CEO Martina Cheung purchased 2,322 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was bought at an average price of $429.93 per share, with a total value 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 approximately $11,830,813.74. This represents a 9.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $434.03 per share, with a total value of $500,002.56. Following the transaction, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent analyst reports. The Goldman Sachs Group lowered their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Royal Bank Of Canada reduced their price target on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday. Evercore decreased their price target on S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. UBS Group decreased their price target on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Bank of America lowered their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday. Seventeen 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 stock has a consensus rating of “Moderate Buy” and an average target price of $532.00.

S&P Global Price Performance

SPGI traded down $2.81 during midday trading on Friday, reaching $430.15. 1,320,839 shares of the company’s stock were exchanged, compared to its average volume of 2,504,758. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The stock has a market capitalization of $127.32 billion, a PE ratio of 27.22, a P/E/G ratio of 1.85 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 business’s 50-day moving average price is $419.31 and its 200 day moving average price is $448.10.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS 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 business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the business earned $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. As a group, equities analysts anticipate that S&P Global Inc. will post 19.59 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued 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 is Wednesday, August 26th. S&P Global’s dividend 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.