Militia Capital Management LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) during the first quarter, Holdings Channel.com reports. The fund purchased 1,345 shares of the business services provider’s stock, valued at approximately $572,000.
Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in S&P Global in the 4th quarter worth approximately $2,398,991,000. Cardano Risk Management B.V. raised its holdings in shares of S&P Global by 858.3% in the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after buying an additional 1,576,544 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of S&P Global by 2,256.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock worth $755,996,000 after buying an additional 1,385,249 shares during the last quarter. Capital International Investors lifted its stake in shares of S&P Global by 43.6% during the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after buying an additional 922,433 shares during the period. Finally, TCI Fund Management Ltd. lifted its stake in shares of 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 buying an additional 600,440 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.
S&P Global News Summary
Here are the key news stories impacting S&P Global this week:
- Positive Sentiment: S&P Global Market Intelligence launched a new AI-powered workflow capability for Capital IQ Pro with Farsight, a move that could strengthen its product offering and support client retention. S&P Global Market Intelligence Partners with Farsight to Launch AI-powered Financial Workflow Capability for Capital IQ Pro
- Positive Sentiment: Robert W. Baird raised its price target on SPGI to $521, signaling continued optimism from Wall Street. Robert W. Baird Increases S&P Global (NYSE:SPGI) Price Target to $521.00
- Positive Sentiment: JPMorgan also projected strong price appreciation for S&P Global, adding to the bullish analyst backdrop. JPMorgan Chase & Co. Forecasts Strong Price Appreciation for S&P Global (NYSE:SPGI) Stock
- Neutral Sentiment: Analysts expect Q2 strength in ratings, indices, and market intelligence, but also see total revenue potentially declining, making the upcoming earnings release a mixed setup. S&P Global Gears Up to Report Q2 Earnings: What’s in Store?
- Neutral Sentiment: Coverage ahead of the report focuses on key operating metrics rather than headline estimates, suggesting investors are watching for details on segment performance and margins. S&P Global (SPGI) Q2 Earnings on the Horizon: Analysts’ Insights on Key Performance Measures
- Neutral Sentiment: Erste Group lifted its FY2027 EPS estimate above consensus, which supports a favorable longer-term earnings outlook. Erste Group Bank FY2027 EPS Estimates for S&P Global
- Negative Sentiment: Zacks Research downgraded SPGI from hold to strong sell, adding to near-term caution around the stock. S&P Global was downgraded by Zacks Research from hold to strong sell
- Negative Sentiment: The market also reacted to concerns that SPGI could be trading above fair value following its $1 billion note exchange, which may weigh on sentiment. S&P Global (SPGI) Could Be 14% Above Fair Value After Its $1b Note Exchange
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on SPGI
Insider Transactions at S&P Global
In other news, CEO Martina Cheung bought 2,322 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Catherine R. Clay purchased 2,500 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost 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 of the company’s stock, valued at $1,078,475. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 5,974 shares of company stock valued at $2,576,775 in the last 90 days. 0.03% of the stock is currently owned by company insiders.
S&P Global Stock Performance
Shares of SPGI stock opened at $420.14 on Friday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. 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 stock has a market cap of $124.36 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. The business has a 50-day simple moving average of $422.80 and a 200-day simple moving average of $442.22.
S&P Global (NYSE:SPGI – Get Free Report) last posted its earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping 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 return on equity of 17.26% and a net margin of 30.37%.S&P Global’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities analysts expect that S&P Global Inc. will post 18.37 EPS for the current year.
S&P Global Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio is currently 24.56%.
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.
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