Titan Investment Solutions Ltd Acquires Shares of 29,724 S&P Global Inc. $SPGI

Titan Investment Solutions Ltd acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 29,724 shares of the business services provider’s stock, valued at approximately $15,533,000. S&P Global accounts for approximately 1.9% of Titan Investment Solutions Ltd’s portfolio, making the stock its 23rd biggest holding.

Other hedge funds have also recently modified their holdings of the company. Joseph Group Capital Management purchased a new position in shares of S&P Global in the fourth quarter valued at about $29,000. North Star Investment Management Corp. increased its position in shares of S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after buying an additional 35 shares during the period. Palladiem LLC purchased a new position in shares of S&P Global during the fourth quarter valued at about $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global during the third quarter valued at about $36,000. Finally, Ameriflex Group Inc. increased its position in shares of S&P Global by 171.4% during the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In other S&P Global news, CEO Catherine R. Clay acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the purchase, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the purchase, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 5,974 shares of company stock valued at $2,576,775 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

S&P Global Trading Up 1.5%

NYSE:SPGI opened at $419.53 on Friday. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. 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 company’s 50-day simple moving average is $424.82 and its 200 day simple moving average is $458.93. The firm has a market capitalization of $124.18 billion, a P/E ratio of 26.55, a PEG ratio of 1.76 and a beta of 1.08.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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. 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 quarter in the previous year, the firm posted $4.37 earnings per share. S&P Global’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, analysts forecast that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SPGI shares. Bank of America started coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price target on the stock. Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Mizuho boosted their price target on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Evercore reduced their price target on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Finally, Rothschild & Co Redburn reduced their price target on shares of S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. Seventeen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $546.39.

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.