Qsemble Capital Management LP reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 60.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,374 shares of the business services provider’s stock after selling 14,073 shares during the period. Qsemble Capital Management LP’s holdings in S&P Global were worth $4,899,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in SPGI. Mizuho Markets Americas LLC boosted its stake in shares of S&P Global by 104,031.3% during the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after buying an additional 595,059 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of S&P Global by 353.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 488,185 shares of the business services provider’s stock valued at $255,121,000 after buying an additional 380,603 shares during the last quarter. Credit Agricole S A bought a new position in S&P Global during the third quarter worth $180,503,000. Holocene Advisors LP lifted its stake in S&P Global by 79.8% during 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 during the last quarter. Finally, Wellington Management Group LLP lifted its stake in S&P Global by 4.6% during 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 during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at S&P Global
In related news, CEO Catherine R. Clay acquired 2,500 shares of the business’s 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 completion of the purchase, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Martina Cheung acquired 2,322 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average price of $429.93 per share, for a total transaction 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. This represents a 9.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 5,974 shares of company stock worth $2,576,775 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.
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 (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the business posted $4.37 earnings per share. The firm’s quarterly 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. On average, research analysts predict that S&P Global Inc. will post 19.59 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Weiss Ratings lowered shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. BMO Capital Markets boosted their target price on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Bank of America assumed coverage on shares of S&P Global in a research note on Tuesday, February 17th. They set a “buy” rating and a $575.00 target price for the company. Wells Fargo & Company cut their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. raised their target price on S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Sixteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $550.00.
View Our Latest Stock Analysis on S&P Global
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.
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