S&P Global Inc. $SPGI Shares Acquired by Spear Holdings RSC Ltd

Spear Holdings RSC Ltd boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 178.2% in the 4th quarter, Holdings Channel reports. The firm owned 147,986 shares of the business services provider’s stock after buying an additional 94,787 shares during the period. S&P Global makes up approximately 13.6% of Spear Holdings RSC Ltd’s portfolio, making the stock its 4th largest holding. Spear Holdings RSC Ltd’s holdings in S&P Global were worth $77,336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of S&P Global by 17.7% during the third quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock valued at $32,541,000 after acquiring an additional 10,044 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in shares of S&P Global by 324.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock valued at $13,673,000 after acquiring an additional 21,481 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of S&P Global by 3.3% during the third quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock valued at $456,656,000 after acquiring an additional 30,080 shares during the period. Collier Financial acquired a new stake in shares of S&P Global during the third quarter valued at approximately $2,865,000. Finally, Mawer Investment Management Ltd. raised its holdings in shares of S&P Global by 27.3% during the third quarter. Mawer Investment Management Ltd. now owns 168,229 shares of the business services provider’s stock valued at $81,879,000 after acquiring an additional 36,078 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at S&P Global

In other news, CEO Catherine R. Clay bought 2,500 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the purchase, the chief executive officer owned 2,500 shares of the company’s stock, valued at $1,078,475. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the stock in a transaction that occurred 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 completion of the purchase, the director directly owned 1,152 shares in the company, valued at $500,002.56. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Wells Fargo & Company dropped their price target on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Rothschild & Co Redburn dropped their price target on S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. Evercore dropped 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. Finally, Bank of America assumed coverage on S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price target on the stock. Sixteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $550.00.

S&P Global Stock Performance

Shares of SPGI opened at $402.90 on Friday. The company’s fifty day moving average is $427.94 and its 200-day moving average is $469.31. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. The firm has a market cap of $119.26 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.73 and a beta of 1.11. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $4.82 by $0.15. The company had revenue of $4.17 billion for 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities analysts expect that S&P Global Inc. will post 19.59 EPS for the current fiscal year.

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.