Erste Asset Management GmbH Raises Position in S&P Global Inc. $SPGI

Erste Asset Management GmbH increased its holdings in S&P Global Inc. (NYSE:SPGI) by 64.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 264,741 shares of the business services provider’s stock after buying an additional 103,425 shares during the period. S&P Global accounts for approximately 1.2% of Erste Asset Management GmbH’s portfolio, making the stock its 18th largest holding. Erste Asset Management GmbH’s holdings in S&P Global were worth $139,398,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Troy Asset Management Ltd raised its position in S&P Global by 26.2% during the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after purchasing an additional 8,652 shares in the last quarter. Collier Financial purchased a new stake in S&P Global during the third quarter valued at about $2,865,000. Candriam S.C.A. raised its position in S&P Global by 13.4% during the third quarter. Candriam S.C.A. now owns 124,659 shares of the business services provider’s stock valued at $60,673,000 after purchasing an additional 14,700 shares in the last quarter. Cardano Risk Management B.V. purchased a new stake in S&P Global during the third quarter valued at about $89,401,000. Finally, First Merchants Corp raised its position in S&P Global by 19.7% during the fourth quarter. First Merchants Corp now owns 16,614 shares of the business services provider’s stock valued at $8,682,000 after purchasing an additional 2,733 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.2%

Shares of NYSE:SPGI opened at $425.16 on Monday. The stock’s 50-day moving average price is $424.53 and its 200-day moving average price is $461.19. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The stock has a market capitalization of $125.85 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the firm earned $4.37 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Dividend Announcement

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

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. BMO Capital Markets raised their price target on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Morgan Stanley raised their price objective on S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. raised their price objective on S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Barclays reaffirmed an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a research note on Monday, February 23rd. Seventeen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $546.39.

Insider Buying and Selling

In other S&P Global news, Director Robert Edward Jr. Moritz bought 1,152 shares of the business’s stock in a transaction that occurred 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 completion of the purchase, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Catherine R. Clay bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $431.39 per share, for a total transaction 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 $1,078,475. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 5,974 shares of company stock valued at $2,576,775 over the last ninety days. 0.03% of the stock is owned by insiders.

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.