S&P Global Inc. $SPGI Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 47.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,278 shares of the business services provider’s stock after selling 3,834 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in S&P Global were worth $2,236,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Portfolio Design Labs LLC lifted its stake in shares of S&P Global by 2.9% in the fourth quarter. Portfolio Design Labs LLC now owns 2,694 shares of the business services provider’s stock worth $1,408,000 after acquiring an additional 76 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in shares of S&P Global by 12.7% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,144 shares of the business services provider’s stock worth $598,000 after acquiring an additional 129 shares in the last quarter. Westerkirk Capital Inc. acquired a new position in shares of S&P Global in the fourth quarter worth about $2,923,000. Advocacy Wealth Management LLC lifted its stake in shares of S&P Global by 17.5% in the fourth quarter. Advocacy Wealth Management LLC now owns 29,263 shares of the business services provider’s stock worth $15,293,000 after acquiring an additional 4,367 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments lifted its stake in shares of S&P Global by 3.2% in the fourth quarter. BLI Banque de Luxembourg Investments now owns 53,461 shares of the business services provider’s stock worth $28,219,000 after acquiring an additional 1,641 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Morgan Stanley boosted their price target on S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Robert W. Baird set a $546.00 price target on S&P Global in a research note on Wednesday, February 11th. Mizuho boosted their price target on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Wells Fargo & Company cut their price target on 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. Finally, Royal Bank Of Canada lowered their price objective on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Seventeen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $546.39.

Insider Activity at S&P Global

In other news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director directly owned 1,152 shares in the company, valued at $500,002.56. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the acquisition, the chief executive officer owned 2,500 shares of the company’s stock, valued at $1,078,475. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 5,974 shares of company stock valued at $2,576,775 over the last three months. 0.03% of the stock is owned by insiders.

S&P Global Stock Up 1.8%

Shares of S&P Global stock 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 market cap of $125.66 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.78 and a beta of 1.08. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The business has a 50-day moving average price of $425.00 and a 200 day moving average price of $460.22.

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 during 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous 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, sell-side analysts forecast that S&P Global Inc. will post 19.61 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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