Ghe LLC Raises Stock Holdings in S&P Global Inc. $SPGI

Ghe LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 73.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 20,748 shares of the business services provider’s stock after acquiring an additional 8,767 shares during the quarter. S&P Global comprises about 1.9% of Ghe LLC’s portfolio, making the stock its 11th largest position. Ghe LLC’s holdings in S&P Global were worth $8,825,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of S&P Global in the fourth quarter worth about $2,398,991,000. Cardano Risk Management B.V. increased its holdings in S&P Global by 858.3% in the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after buying an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in S&P Global by 2,256.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock worth $755,996,000 after buying an additional 1,385,249 shares during the period. Capital International Investors raised its position in S&P Global by 43.6% during the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after buying an additional 922,433 shares during the last quarter. Finally, TCI Fund Management Ltd. lifted its stake in S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after acquiring an additional 600,440 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE:SPGI opened at $430.15 on Monday. 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 has a 50 day moving average price of $419.31 and a 200-day moving average price of $447.58. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The firm has a market cap of $127.32 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm posted $4.37 earnings per share. The firm’s quarterly revenue 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. Equities research analysts forecast that S&P Global Inc. will post 19.59 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is currently 24.56%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SPGI shares. Daiwa Securities Group cut their price objective on shares of 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. Rothschild & Co Redburn lowered their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Evercore cut their price target on 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. Bank of America reduced their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research note on Friday. Finally, Mizuho boosted their price objective on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $532.00.

Insiders Place Their Bets

In other S&P Global news, CEO Martina Cheung acquired 2,322 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was acquired at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the transaction, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of S&P Global stock in a transaction dated Thursday, April 30th. The shares were acquired 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 owned 1,152 shares in the company, valued at approximately $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by corporate 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.