Manning & Napier Advisors LLC Cuts Stock Position in S&P Global Inc. $SPGI

Manning & Napier Advisors LLC cut its position in S&P Global Inc. (NYSE:SPGI) by 7.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 172,209 shares of the business services provider’s stock after selling 13,024 shares during the period. Manning & Napier Advisors LLC’s holdings in S&P Global were worth $90,873,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. J.Safra Asset Management Corp purchased a new position in shares of S&P Global in the 3rd quarter worth approximately $29,000. Joseph Group Capital Management purchased a new stake in S&P Global during the fourth quarter valued at approximately $29,000. North Star Investment Management Corp. boosted its stake in S&P Global by 134.6% in the fourth 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. Palisade Asset Management LLC acquired a new stake in S&P Global in the third quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. grew its holdings in S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after purchasing an additional 48 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Down 2.1%

NYSE SPGI opened at $419.85 on Friday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The company has a fifty day simple moving average of $431.09 and a two-hundred day simple moving average of $472.16. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock has a market cap of $124.27 billion, a P/E ratio of 26.57, a P/E/G ratio of 1.83 and a beta of 1.11.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.82 by $0.15. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, analysts forecast that S&P Global Inc. will post 19.59 earnings per share for the current year.

Insider Buying and Selling at S&P Global

In other news, CEO Martina Cheung acquired 2,322 shares of S&P Global stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average cost of $429.93 per share, for a total transaction 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 trade represents a 9.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average price 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 position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Morgan Stanley boosted their target price on S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Bank of America began coverage on 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. JPMorgan Chase & Co. increased their price target 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, The Goldman Sachs Group reissued a “buy” rating on shares of S&P Global in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and a consensus target price of $550.00.

S&P Global Company 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.