AMF Tjanstepension AB Sells 29,911 Shares of S&P Global Inc. $SPGI

AMF Tjanstepension AB reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 77.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,787 shares of the business services provider’s stock after selling 29,911 shares during the quarter. AMF Tjanstepension AB’s holdings in S&P Global were worth $4,592,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its stake 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 valued at $1,582,000 after acquiring an additional 143 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in S&P Global by 7.8% in 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 raised its holdings in S&P Global by 5.5% in 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 acquired a new stake in S&P Global in the second quarter worth $552,000. Finally, Main Street Financial Solutions LLC raised its holdings in S&P Global by 17.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock worth $1,694,000 after purchasing an additional 472 shares during the period. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Robert W. Baird set a $546.00 target price on shares of S&P Global in a report on Wednesday, February 11th. Barclays reiterated an “overweight” rating and issued a $565.00 target price on shares of S&P Global in a report on Monday, February 23rd. Rothschild & Co Redburn cut their target price on shares of S&P Global from $585.00 to $540.00 in a report on Thursday, May 7th. UBS Group cut their target price on shares of 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, JPMorgan Chase & Co. increased their target price on shares of S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Sixteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $550.00.

S&P Global Stock Up 3.5%

NYSE:SPGI opened at $417.30 on Tuesday. The firm has a market capitalization of $123.52 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 1.72 and a beta of 1.11. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The stock’s 50 day moving average price is $427.27 and its two-hundred day moving average price is $468.58. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.15. The company had revenue of $4.17 billion for 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%. S&P Global’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts expect that S&P Global Inc. will post 19.59 earnings per share for the current fiscal year.

Insider Transactions at S&P Global

In other news, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the purchase, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the purchase, the director directly owned 1,152 shares in the company, valued at $500,002.56. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 5,974 shares of company stock worth $2,576,775 in the last ninety days. Insiders own 0.03% of the company’s stock.

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.