S&P Global Inc. $SPGI Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in S&P Global Inc. (NYSE:SPGI) by 1.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 659,015 shares of the business services provider’s stock after selling 11,787 shares during the quarter. PNC Financial Services Group Inc.’s holdings in S&P Global were worth $344,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of S&P Global by 0.4% during the fourth 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 lifted its stake in shares of S&P Global by 4.6% during the third 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 lifted its stake in shares of S&P Global by 3.2% during the third 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. lifted its stake in shares of S&P Global by 0.3% during the fourth 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 lifted its stake in shares of S&P Global by 5.9% during the second 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. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Buying and Selling

In other S&P Global news, CEO Catherine R. Clay purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the purchase, the chief executive officer owned 2,500 shares in the company, valued at $1,078,475. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Martina Cheung purchased 2,322 shares of the business’s stock in a transaction that occurred on 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 owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. This represents a 9.22% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SPGI has been the topic of a number of recent research reports. Robert W. Baird set a $546.00 price objective on S&P Global in a research note on Wednesday, February 11th. Jefferies Financial Group boosted their price objective on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Stifel Nicolaus reduced their price objective 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. Wells Fargo & Company reduced their price objective on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Finally, Royal Bank Of Canada reduced their price objective on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Sixteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $550.00.

S&P Global Trading Down 1.8%

NYSE:SPGI opened at $409.72 on Wednesday. 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 Inc. has a one year low of $381.61 and a one year high of $579.05. The business’s 50-day simple moving average is $426.41 and its 200 day simple moving average is $468.14. The stock has a market cap of $121.28 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the firm posted $4.37 earnings per share. The company’s revenue 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, sell-side analysts predict that S&P Global Inc. will post 19.59 earnings per share for the current fiscal year.

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.