S&P Global Inc. $SPGI Shares Purchased by Saranac Partners Ltd

Saranac Partners Ltd raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 598.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,305 shares of the business services provider’s stock after purchasing an additional 1,975 shares during the period. Saranac Partners Ltd’s holdings in S&P Global were worth $1,205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in shares of S&P Global by 17.7% in 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 in the last quarter. Prime Capital Investment Advisors LLC increased its position in S&P Global by 324.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock worth $13,673,000 after purchasing an additional 21,481 shares in the last quarter. Envestnet Asset Management Inc. increased its position in S&P Global by 3.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock worth $456,656,000 after purchasing an additional 30,080 shares in the last quarter. Collier Financial acquired a new position in S&P Global in the 3rd quarter valued at about $2,865,000. Finally, Candriam S.C.A. raised its stake in S&P Global by 13.4% in the 3rd quarter. Candriam S.C.A. now owns 124,659 shares of the business services provider’s stock valued at $60,673,000 after purchasing an additional 14,700 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on SPGI shares. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Morgan Stanley increased their price target 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. Stifel Nicolaus lowered their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of S&P Global in a research note on Tuesday, April 28th. Sixteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $550.00.

Insider Transactions at S&P Global

In related news, CEO Martina Cheung bought 2,322 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were acquired at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the acquisition, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. This represents a 9.22% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Catherine R. Clay purchased 2,500 shares of S&P Global stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the transaction, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 5,974 shares of company stock valued at $2,576,775 over the last quarter. Company insiders own 0.03% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $409.72 on Wednesday. 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 company has a market cap of $121.28 billion, a PE ratio of 25.93, a P/E/G ratio of 1.78 and a beta of 1.11. The company’s fifty day simple moving average is $426.41 and its 200-day simple moving average is $468.14. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05.

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 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 during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the company earned $4.37 EPS. The firm’s revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 19.59 EPS for the current 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.