SmartHarvest Portfolios LLC Acquires Shares of 1,422 S&P Global Inc. $SPGI

SmartHarvest Portfolios LLC bought a new stake in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,422 shares of the business services provider’s stock, valued at approximately $743,000.

A number of other institutional investors also recently modified their holdings of the business. Joseph Group Capital Management acquired a new position in shares of S&P Global during the fourth quarter worth $29,000. North Star Investment Management Corp. boosted its holdings in shares of S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 35 shares in the last quarter. Palladiem LLC bought a new stake in S&P Global during the 4th quarter worth $36,000. Palisade Asset Management LLC acquired a new position in S&P Global in the 3rd quarter worth about $36,000. Finally, Ameriflex Group Inc. increased its holdings in S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In other news, CEO Martina Cheung purchased 2,322 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were acquired at an average cost of $429.93 per share, with a total value of $998,297.46. Following the purchase, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the acquisition, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 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 corporate insiders.

S&P Global Price Performance

S&P Global stock opened at $413.71 on Friday. The stock has a market capitalization of $122.46 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.82 and a beta of 1.08. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The stock’s 50 day moving average price is $424.96 and its two-hundred day moving average price is $459.21.

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 for the quarter, beating the consensus estimate of $4.82 by $0.15. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. S&P Global’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 business posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities analysts predict that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SPGI shares. Daiwa Securities Group cut their price target on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Mizuho raised their price objective on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Bank of America began coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 target price on the stock. Weiss Ratings lowered shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Finally, Evercore decreased their price target on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Seventeen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $546.39.

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.