Skylands Capital LLC Grows Stake in S&P Global Inc. $SPGI

Skylands Capital LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 293.4% in the first quarter, HoldingsChannel reports. The firm owned 7,003 shares of the business services provider’s stock after acquiring an additional 5,223 shares during the period. Skylands Capital LLC’s holdings in S&P Global were worth $2,979,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SPGI. Troy Asset Management Ltd boosted its stake in shares of 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. First Merchants Corp raised its stake in S&P Global by 19.7% in the fourth quarter. First Merchants Corp now owns 16,614 shares of the business services provider’s stock worth $8,682,000 after buying an additional 2,733 shares in the last quarter. Vinva Investment Management Ltd raised its stake in S&P Global by 21.4% in the third quarter. Vinva Investment Management Ltd now owns 26,382 shares of the business services provider’s stock worth $12,963,000 after buying an additional 4,659 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in S&P Global during the fourth quarter worth $3,652,000. Finally, Capital International Inc. CA lifted its holdings in S&P Global by 11.6% during the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock worth $36,955,000 after buying an additional 7,343 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of SPGI stock opened at $409.88 on Friday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two 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 firm has a market capitalization of $121.32 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.74 and a beta of 1.08. The stock’s 50-day simple moving average is $421.36 and its 200-day simple moving average is $453.04.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 EPS 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 net margin of 30.37% and a return on equity of 17.26%. S&P Global’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities 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 business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 24.56%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SPGI shares. JPMorgan Chase & Co. lifted their price target on S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Wells Fargo & Company decreased their price objective on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Weiss Ratings downgraded S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. UBS Group reiterated a “buy” rating on shares of S&P Global in a research note on Wednesday, May 27th. Finally, Rothschild & Co Redburn reduced their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Eighteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $545.28.

Insiders Place Their Bets

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

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.