Cullinan Associates Inc. Grows Stake in S&P Global Inc. $SPGI

Cullinan Associates Inc. lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,940 shares of the business services provider’s stock after purchasing an additional 3,700 shares during the quarter. S&P Global comprises 4.3% of Cullinan Associates Inc.’s investment portfolio, making the stock its 4th biggest holding. Cullinan Associates Inc.’s holdings in S&P Global were worth $63,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. North Star Investment Management Corp. boosted its position in shares of S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares in the last quarter. Verity Asset Management Inc. bought a new position in shares of S&P Global during the 4th quarter worth about $202,000. Joseph Group Capital Management bought a new position in shares of S&P Global during the 4th quarter worth about $29,000. US Bancorp DE boosted its position in shares of S&P Global by 5.8% during the 4th quarter. US Bancorp DE now owns 269,867 shares of the business services provider’s stock worth $141,030,000 after purchasing an additional 14,895 shares in the last quarter. Finally, Sage Rhino Capital LLC bought a new position in shares of S&P Global during the 4th quarter worth about $694,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SPGI shares. Wells Fargo & Company cut their price objective on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Evercore cut their price objective on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. UBS Group cut their price objective on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Jefferies Financial Group increased their price objective on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of S&P Global in a research report on Tuesday. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $550.44.

S&P Global Price Performance

Shares of NYSE SPGI opened at $431.68 on Friday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The stock has a market cap of $127.78 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 1.94 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.82 and a current ratio of 0.68. The firm’s 50-day simple moving average is $430.38 and its 200 day simple moving average is $473.37.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the firm earned $4.37 EPS. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that S&P Global Inc. will post 19.55 earnings per share for the current fiscal year.

S&P Global News Summary

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Q1 results topped expectations: S&P Global reported stronger-than-expected revenue and EPS, with revenue up year-over-year and management setting FY2026 EPS guidance of $19.40–19.65, supporting fundamentals and forward visibility. Q1 2026 Earnings Call Highlights
• Positive Sentiment: Major broker price-target lifts: Morgan Stanley bumped its PT to $557 (keeps overweight) and JPMorgan raised its PT to $550 (overweight), signaling institutional confidence and potential upside. Morgan Stanley Lift JPMorgan Adjusts PT
• Positive Sentiment: Strategic moves in energy: S&P Global announced strategic innovations and changes in its upstream energy business aimed at improving its footprint in energy markets — a potential long-term revenue driver if execution succeeds. Strategic Innovations in Upstream Energy
• Positive Sentiment: Global expansion: The firm opened a new Gurugram office as it expands its India hub, supporting talent scale and cost diversification in a key growth region. India Hub Expansion
• Neutral Sentiment: Investor access: CEO Martina Cheung will present at the Barclays Americas Select Conference (May 5), providing fresh management commentary but no immediate material news. Barclays Conference
• Neutral Sentiment: Industry commentary: Recent analyst write-ups and previews are providing varied takes on S&P Global’s positioning vs. peers; useful for context but not single‑handedly market-moving. Analysts Offer Insights
• Negative Sentiment: Energy headwinds and market volatility cited in post‑earnings commentary could pressure parts of the business and investor sentiment, tempering the upside from the beat. Q1 Deep Dive
• Negative Sentiment: Minor analyst downgrade to estimates: Erste Group trimmed its FY2026 EPS forecast very slightly, signaling some caution among brokers even as consensus remains close to management guidance. (Report summary)

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.