2,032 Shares in S&P Global Inc. $SPGI Purchased by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,032 shares of the business services provider’s stock, valued at approximately $1,062,000.

A number of other large investors have also added to or reduced their stakes in SPGI. Mizuho Markets Americas LLC increased its holdings in S&P Global by 104,031.3% during the third quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock worth $289,900,000 after buying an additional 595,059 shares during the last quarter. Credit Agricole S A purchased a new stake in S&P Global during the third quarter worth about $180,503,000. Holocene Advisors LP increased its stake in shares of S&P Global by 79.8% in the third quarter. Holocene Advisors LP now owns 766,043 shares of the business services provider’s stock worth $372,841,000 after purchasing an additional 339,947 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of S&P Global by 4.6% in the third quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock worth $3,033,003,000 after purchasing an additional 274,285 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of S&P Global in the fourth quarter worth about $127,269,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $424.15 on Wednesday. The firm has a 50 day moving average of $430.32 and a 200-day moving average of $470.91. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. 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 capitalization of $125.55 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 1.80 and a beta of 1.11.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 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 company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the business earned $4.37 earnings per share. S&P Global’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. As a group, sell-side analysts predict that S&P Global Inc. will post 19.59 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the transaction, the director owned 1,152 shares of the company’s stock, valued at $500,002.56. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Martina Cheung acquired 2,322 shares of the business’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 transaction, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SPGI has been the subject of several recent research reports. Bank of America initiated coverage on shares of S&P Global in a research note on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price for the company. Jefferies Financial Group lifted their target price on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Royal Bank Of Canada reduced their target price on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Stifel Nicolaus reduced their target price on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, Morgan Stanley lifted their target price on shares of S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One equities research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $550.00.

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.