D.A. Davidson & CO. Boosts Stock Position in S&P Global Inc. $SPGI

D.A. Davidson & CO. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 11.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 196,585 shares of the business services provider’s stock after acquiring an additional 20,303 shares during the quarter. D.A. Davidson & CO.’s holdings in S&P Global were worth $83,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Joseph Group Capital Management acquired a new stake in shares of S&P Global during the fourth quarter worth $29,000. North Star Investment Management Corp. grew its position in S&P Global by 134.6% in the 4th 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 during the last quarter. Palisade Asset Management LLC acquired a new position in S&P Global in the 3rd quarter valued at $36,000. Palladiem LLC acquired a new position in S&P Global in the 4th quarter valued at $36,000. Finally, Swiss RE Ltd. purchased a new position in S&P Global during the 4th quarter worth $39,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $444.35 on Thursday. The firm has a market capitalization of $131.53 billion, a P/E ratio of 28.12, a PEG ratio of 2.10 and a beta of 1.08. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The company’s fifty day moving average is $420.17 and its two-hundred day moving average is $445.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68.

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, beating 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 business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm posted $4.37 EPS. The business’s 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. Analysts forecast that S&P Global Inc. will post 19.49 EPS for the current fiscal 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 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 yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 24.56%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SPGI. BMO Capital Markets raised their target price on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $550.00 to $535.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Bank of America cut their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Barclays reduced their price objective on shares of S&P Global from $565.00 to $555.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Finally, UBS Group dropped their target price on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Seventeen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $532.00.

Insider Activity

In other news, CEO Catherine R. Clay purchased 2,500 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the acquisition, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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, with a total value of $998,297.46. Following the completion of the purchase, the chief executive officer directly 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. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 5,974 shares of company stock worth $2,576,775. Company 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.