S&P Global Inc. $SPGI Shares Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. raised its position in S&P Global Inc. (NYSE:SPGI) by 9.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 177,550 shares of the business services provider’s stock after purchasing an additional 15,000 shares during the period. S&P Global makes up approximately 2.7% of Schwartz Investment Counsel Inc.’s investment portfolio, making the stock its 6th biggest position. Schwartz Investment Counsel Inc.’s holdings in S&P Global were worth $75,519,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Joseph Group Capital Management bought a new position in shares of S&P Global during the fourth quarter worth about $29,000. North Star Investment Management Corp. raised its stake in 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 in the last quarter. Palladiem LLC acquired a new stake in S&P Global during the fourth quarter valued at approximately $36,000. Palisade Asset Management LLC bought a new position in S&P Global during the 3rd quarter worth approximately $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global during the 4th quarter worth approximately $39,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Catherine R. Clay purchased 2,500 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the transaction, the chief executive officer owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Martina Cheung acquired 2,322 shares of the company’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 acquisition, the chief executive officer owned 27,518 shares in the company, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SPGI. Evercore lowered their price target on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. UBS Group reduced their price objective on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a report on Saturday, July 4th. 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 for the company in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $550.00 to $535.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $532.00.

S&P Global Stock Up 1.8%

Shares of S&P Global stock opened at $438.09 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The business’s 50 day simple moving average is $419.44 and its 200-day simple moving average is $446.97. The stock has a market capitalization of $129.67 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 1.77 and a beta of 1.08. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. The business 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%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts forecast that S&P Global Inc. will post 19.59 earnings per share for the current year.

S&P Global Dividend Announcement

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 paid a $0.97 dividend. 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 (DPR) is presently 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.