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

Saranac Partners Ltd lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 598.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,305 shares of the business services provider’s stock after acquiring an additional 1,975 shares during the quarter. Saranac Partners Ltd’s holdings in S&P Global were worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SPGI. YANKCOM Partnership boosted its stake in shares of S&P Global by 7.9% in the 4th quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock valued at $135,000 after buying an additional 19 shares during the period. LeConte Wealth Management LLC increased its stake in shares of S&P Global by 4.1% during the fourth quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock worth $267,000 after buying an additional 20 shares during the period. Elwood & Goetz Wealth Advisory Group LLC increased its stake in shares of S&P Global by 3.3% during the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock worth $330,000 after buying an additional 20 shares during the period. Steigerwald Gordon & Koch Inc. raised its holdings in S&P Global by 15.6% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 20 shares in the last quarter. Finally, Centerpoint Advisors LLC raised its holdings in S&P Global by 2.5% in the third quarter. Centerpoint Advisors LLC now owns 859 shares of the business services provider’s stock valued at $418,000 after acquiring an additional 21 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 1.8%

Shares of SPGI stock opened at $409.72 on Wednesday. The company has a market capitalization of $121.28 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11. 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 business’s 50 day moving average is $426.41 and its two-hundred day moving average is $468.14. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping the consensus estimate 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 business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the business earned $4.37 earnings per share. The company’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. Equities analysts forecast that S&P Global Inc. will post 19.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on SPGI. Barclays reiterated an “overweight” rating and set a $565.00 price target on shares of S&P Global in a report on Monday, February 23rd. Bank of America began coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective for the company. Mizuho boosted their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. UBS Group dropped their target price on S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Finally, Robert W. Baird set a $546.00 price target on S&P Global in a report on Wednesday, February 11th. Sixteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $550.00.

Insider Transactions at S&P Global

In other news, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $431.39 per share, for a total transaction 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. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the acquisition, the director directly owned 1,152 shares in the company, valued at $500,002.56. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 5,974 shares of company stock worth $2,576,775. Company insiders own 0.03% of the company’s stock.

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.