Fairtree Asset Management Pty Ltd Grows Position in S&P Global Inc. $SPGI

Fairtree Asset Management Pty Ltd lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 179.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,703 shares of the business services provider’s stock after purchasing an additional 3,665 shares during the period. S&P Global makes up approximately 1.4% of Fairtree Asset Management Pty Ltd’s holdings, making the stock its 22nd biggest holding. Fairtree Asset Management Pty Ltd’s holdings in S&P Global were worth $2,980,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. YANKCOM Partnership increased its position in shares of S&P Global by 7.9% in the fourth quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock worth $135,000 after acquiring an additional 19 shares in the last quarter. LeConte Wealth Management LLC increased its position in shares of S&P Global by 4.1% during the fourth quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock worth $267,000 after acquiring an additional 20 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC increased its holdings in S&P Global by 3.3% during the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock worth $330,000 after purchasing an additional 20 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its stake in shares of S&P Global by 15.6% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock worth $77,000 after buying an additional 20 shares during the last quarter. Finally, Centerpoint Advisors LLC increased its position in shares of S&P Global by 2.5% in the 3rd quarter. Centerpoint Advisors LLC now owns 859 shares of the business services provider’s stock worth $418,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other news, Director Robert Edward Jr. Moritz bought 1,152 shares of the stock in a transaction on 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 of the company’s stock, valued at $500,002.56. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Martina Cheung purchased 2,322 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average cost of $429.93 per share, with a total value of $998,297.46. Following the purchase, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. This represents a 9.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 5,974 shares of company stock worth $2,576,775 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

S&P Global Stock Performance

Shares of S&P Global stock opened at $409.72 on Wednesday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. The stock has a market cap of $121.28 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $426.41 and a 200-day simple moving average of $468.14.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company earned $4.37 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, sell-side analysts anticipate that S&P Global Inc. will post 19.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SPGI shares. Mizuho upped their price target on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Robert W. Baird set a $546.00 price target on S&P Global in a report on Wednesday, February 11th. Barclays restated an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a research note on Monday, February 23rd. Royal Bank Of Canada cut their target price on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Finally, Stifel Nicolaus cut their price target on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Sixteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $550.00.

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.