S&P Global Inc. (NYSE:SPGI) Sees Large Decline in Short Interest

S&P Global Inc. (NYSE:SPGI) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 3,031,297 shares, a drop of 16.5% from the March 31st total of 3,628,907 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average trading volume of 1,780,537 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SPGI. Stifel Nicolaus cut their price target on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Wells Fargo & Company cut their price target on shares of 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. UBS Group reduced their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Finally, Barclays restated an “overweight” rating and issued a $565.00 price target on shares of S&P Global in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $550.44.

S&P Global Stock Down 1.1%

S&P Global stock traded down $4.94 during midday trading on Friday, hitting $426.29. 1,057,698 shares of the stock were exchanged, compared to its average volume of 1,668,459. S&P Global has a 52-week low of $381.61 and a 52-week high of $579.05. The stock has a market capitalization of $129.36 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.85 and a beta of 1.20. The business’s 50-day moving average price is $430.38 and its 200-day moving average price is $473.37. The company has a quick ratio of 0.82, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the company earned $4.37 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts expect that S&P Global will post 19.56 EPS for the current fiscal year.

Insider Activity

In other S&P Global news, CEO Martina Cheung purchased 2,322 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the purchase, the chief executive officer owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of S&P Global in the fourth quarter valued at approximately $2,398,991,000. Cardano Risk Management B.V. raised its position in shares of S&P Global by 858.3% in the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock valued at $919,879,000 after purchasing an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of S&P Global by 2,256.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock valued at $755,996,000 after purchasing an additional 1,385,249 shares during the period. Capital International Investors raised its position in shares of S&P Global by 43.6% in the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock valued at $1,587,910,000 after purchasing an additional 922,433 shares during the period. Finally, TCI Fund Management Ltd. raised its position in shares of S&P Global by 5.4% in the fourth 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 purchasing an additional 600,440 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

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.