S&P Global Inc. (NYSE:SPGI - Get Free Report) CEO Martina Cheung acquired 2,322 shares of the stock in a transaction dated Wednesday, April 29th. The stock was acquired at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the purchase, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.
S&P Global Trading Down 1.1%
S&P Global stock opened at $426.29 on Friday. The firm has a 50 day moving average of $430.38 and a 200 day moving average of $473.37. The firm has a market capitalization of $129.36 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 1.85 and a beta of 1.20. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The company has a current ratio of 0.68, a quick ratio of 0.82 and a debt-to-equity ratio of 0.34.
S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period 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, research analysts predict that S&P Global Inc. will post 19.56 earnings per share for the current year.
Analysts Set New Price Targets
SPGI has been the subject of several recent analyst reports. Morgan Stanley upped their price target on S&P Global from $556.00 to $557.00 and gave the stock an "overweight" rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on S&P Global from $530.00 to $550.00 and gave the stock an "overweight" rating in a research report on Wednesday. Barclays restated an "overweight" rating and issued a $565.00 price target on shares of S&P Global in a research report on Monday, February 23rd. Robert W. Baird set a $546.00 target price on S&P Global in a research note on Wednesday, February 11th. Finally, Weiss Ratings lowered S&P Global from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, March 11th. 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 company. According to data from MarketBeat, S&P Global presently has a consensus rating of "Buy" and a consensus target price of $550.44.
Check Out Our Latest Report on S&P Global
Hedge Funds Weigh In On S&P Global
Several institutional investors and hedge funds have recently added to or reduced their stakes in SPGI. Brighton Jones LLC boosted its holdings in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after acquiring an additional 143 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of S&P Global by 7.8% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider's stock worth $547,000 after purchasing an additional 75 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of S&P Global by 5.5% during the second quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider's stock worth $893,511,000 after purchasing an additional 88,526 shares during the period. Jump Financial LLC purchased a new position in S&P Global during the second quarter valued at approximately $552,000. Finally, Main Street Financial Solutions LLC raised its position in S&P Global by 17.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider's stock valued at $1,694,000 after acquiring an additional 472 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.
About S&P Global
(
Get Free Report)
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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