S&P Global Inc. $SPGI Position Boosted by NewEdge Wealth LLC

NewEdge Wealth LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 99.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,126 shares of the business services provider’s stock after purchasing an additional 3,553 shares during the period. NewEdge Wealth LLC’s holdings in S&P Global were worth $3,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. YANKCOM Partnership boosted its position in shares of S&P Global by 7.9% during the 4th quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 19 shares in the last quarter. LeConte Wealth Management LLC boosted its position in shares of S&P Global by 4.1% during the 4th quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 20 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC boosted its position in shares of S&P Global by 3.3% during the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 20 shares in the last quarter. Steigerwald Gordon & Koch Inc. boosted its position in shares of S&P Global by 15.6% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 20 shares in the last quarter. Finally, Forbes J M & Co. LLP boosted its position in shares of S&P Global by 3.5% during the 3rd quarter. Forbes J M & Co. LLP now owns 627 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $420.80 on Tuesday. 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 one year low of $381.61 and a one year high of $579.05. The firm has a market capitalization of $124.56 billion, a PE ratio of 26.63, a P/E/G ratio of 1.80 and a beta of 1.11. The firm has a 50-day moving average of $430.67 and a two-hundred day moving average of $471.30.

S&P Global (NYSE:SPGI) last posted 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. The company had revenue of $4.17 billion during 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%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, analysts forecast that S&P Global Inc. will post 19.59 earnings per share for the current year.

Wall Street Analyst Weigh In

SPGI has been the subject of several research reports. Jefferies Financial Group raised their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Stifel Nicolaus reduced their price objective 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. The Goldman Sachs Group reaffirmed a “buy” rating on shares of S&P Global in a research note on Tuesday, April 28th. Mizuho upped their price objective on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, Evercore reduced their price objective on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $550.00.

Insider Transactions at S&P Global

In related news, CEO Martina Cheung purchased 2,322 shares of S&P Global stock in a transaction dated Wednesday, April 29th. The stock was acquired at an average cost 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of S&P Global stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the transaction, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 5,974 shares of company stock valued at $2,576,775 over the last three months. 0.03% of the stock is owned by corporate insiders.

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.