WD Rutherford LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 33.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,151 shares of the business services provider’s stock after selling 2,085 shares during the quarter. WD Rutherford LLC’s holdings in S&P Global were worth $2,169,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position 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 worth $32,541,000 after buying an additional 10,044 shares during the period. Prime Capital Investment Advisors LLC increased its position 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 worth $13,673,000 after buying an additional 21,481 shares during the period. Envestnet Asset Management Inc. increased its position 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 worth $456,656,000 after buying an additional 30,080 shares during the period. Collier Financial acquired a new stake in S&P Global in the third quarter worth $2,865,000. Finally, Candriam S.C.A. grew its holdings in S&P Global by 13.4% in the third quarter. Candriam S.C.A. now owns 124,659 shares of the business services provider’s stock worth $60,673,000 after purchasing an additional 14,700 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.
Insider Transactions at S&P Global
In other S&P Global news, CEO Catherine R. Clay acquired 2,500 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the purchase, the chief executive officer owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $434.03 per share, with a total value of $500,002.56. Following the purchase, the director directly owned 1,152 shares in the company, valued at $500,002.56. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 5,974 shares of company stock valued at $2,576,775 in the last quarter. Insiders own 0.03% of the company’s stock.
S&P Global Stock Performance
S&P Global (NYSE:SPGI – Get Free Report) last posted its 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. The business 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 revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, analysts expect that S&P Global Inc. will post 19.59 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Jefferies Financial Group raised their price target on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Bank of America started coverage on shares of S&P Global in a report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price target on the stock. 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. Barclays restated an “overweight” rating and set a $565.00 price target on shares of S&P Global in a report on Monday, February 23rd. Finally, Wells Fargo & Company lowered their price objective 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. Sixteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $550.00.
Read Our Latest Research Report on S&P Global
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.
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