S&P Global Inc. $SPGI Shares Sold by Alta Capital Management LLC

Alta Capital Management LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,457 shares of the business services provider’s stock after selling 12,687 shares during the quarter. S&P Global makes up 2.5% of Alta Capital Management LLC’s holdings, making the stock its 14th biggest position. Alta Capital Management LLC’s holdings in S&P Global were worth $36,821,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Mizuho Markets Americas LLC grew its position in S&P Global by 104,031.3% during the third quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after buying an additional 595,059 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in S&P Global by 353.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 488,185 shares of the business services provider’s stock valued at $255,121,000 after buying an additional 380,603 shares during the period. Credit Agricole S A acquired a new stake in S&P Global during the third quarter valued at $180,503,000. Holocene Advisors LP grew its position in S&P Global by 79.8% during the third quarter. Holocene Advisors LP now owns 766,043 shares of the business services provider’s stock valued at $372,841,000 after buying an additional 339,947 shares during the period. Finally, Wellington Management Group LLP grew its position in 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 valued at $3,033,003,000 after buying an additional 274,285 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $417.30 on Tuesday. The company’s 50-day moving average price is $427.27 and its 200-day moving average price is $468.58. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market cap of $123.52 billion, a P/E ratio of 26.41, a P/E/G 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.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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 firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 19.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on SPGI shares. Stifel Nicolaus dropped their target price on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Evercore dropped their target price 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. Rothschild & Co Redburn dropped their target price on shares of S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. Jefferies Financial Group lifted their target price on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company dropped their target price 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. Sixteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $550.00.

Insider Transactions at S&P Global

In other S&P Global news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the purchase, the director owned 1,152 shares in the company, valued at approximately $500,002.56. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Martina Cheung purchased 2,322 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was acquired at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of 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 three months, insiders have acquired 5,974 shares of company stock valued at $2,576,775. Corporate insiders own 0.03% of the company’s stock.

S&P Global Company 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.