Makena Capital Management LLC Sells 19,686 Shares of S&P Global Inc. $SPGI

Makena Capital Management LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 37.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 32,469 shares of the business services provider’s stock after selling 19,686 shares during the period. S&P Global comprises approximately 2.0% of Makena Capital Management LLC’s portfolio, making the stock its 18th biggest position. Makena Capital Management LLC’s holdings in S&P Global were worth $16,968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in S&P Global by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock worth $15,873,340,000 after purchasing an additional 117,728 shares in the last quarter. Wellington Management Group LLP increased its holdings in S&P Global by 4.6% during the 3rd 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 in the last quarter. Legal & General Group Plc increased its holdings in S&P Global by 3.2% during the 3rd quarter. Legal & General Group Plc now owns 2,202,872 shares of the business services provider’s stock worth $1,072,160,000 after purchasing an additional 67,868 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in S&P Global by 0.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,970,788 shares of the business services provider’s stock worth $1,010,344,000 after purchasing an additional 5,706 shares in the last quarter. Finally, Unisphere Establishment increased its holdings in S&P Global by 5.9% during the 2nd quarter. Unisphere Establishment now owns 1,800,000 shares of the business services provider’s stock worth $949,122,000 after purchasing an additional 100,000 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 2.1%

S&P Global stock opened at $419.85 on Friday. The stock has a market cap of $124.27 billion, a P/E ratio of 26.57, a PEG ratio of 1.83 and a beta of 1.11. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The firm’s fifty day moving average price is $431.09 and its 200-day moving average price is $472.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68.

S&P Global (NYSE:SPGI) last released its earnings results 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 business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm’s revenue was up 10.4% on a year-over-year basis. During the same quarter 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. Equities research analysts forecast that S&P Global Inc. will post 19.59 earnings per share for the current fiscal year.

Insider Activity at S&P Global

In other news, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average price of $431.39 per share, with a total value 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. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Martina Cheung bought 2,322 shares of S&P Global stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the purchase, the chief executive officer owned 27,518 shares of the company’s stock, valued at $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 5,974 shares of company stock valued at $2,576,775 over the last 90 days. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SPGI. Weiss Ratings lowered S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Stifel Nicolaus cut their target price on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. BMO Capital Markets boosted their target price on S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Bank of America began coverage on S&P Global in a research note on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price on the stock. Finally, Mizuho upped their price objective on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average price target of $550.00.

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.