S&P Global Inc. $SPGI Shares Acquired by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 13.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,536 shares of the business services provider’s stock after acquiring an additional 1,699 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in S&P Global were worth $7,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPGI. O Brien Greene & Co. Inc increased its position in shares of S&P Global by 1.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 16,439 shares of the business services provider’s stock worth $8,591,000 after purchasing an additional 244 shares during the last quarter. Spear Holdings RSC Ltd increased its position in shares of S&P Global by 178.2% during the 4th quarter. Spear Holdings RSC Ltd now owns 147,986 shares of the business services provider’s stock worth $77,336,000 after purchasing an additional 94,787 shares during the last quarter. PBCay One RSC Ltd acquired a new stake in shares of S&P Global during the 4th quarter worth about $77,337,000. AlphaCore Capital LLC increased its position in shares of S&P Global by 26.8% during the 4th quarter. AlphaCore Capital LLC now owns 2,440 shares of the business services provider’s stock worth $1,275,000 after purchasing an additional 515 shares during the last quarter. Finally, DNB Asset Management AS increased its position in shares of S&P Global by 25.1% during the 4th quarter. DNB Asset Management AS now owns 313,444 shares of the business services provider’s stock worth $163,803,000 after purchasing an additional 62,868 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $402.90 on Friday. 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 firm has a fifty day moving average price of $427.94 and a 200 day moving average price of $469.31. The company has a market cap of $119.26 billion, a P/E ratio of 25.50, a PEG ratio of 1.72 and a beta of 1.11. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. The firm had revenue of $4.17 billion during 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 was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Sell-side analysts predict that S&P Global Inc. will post 19.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on SPGI shares. Morgan Stanley raised their price objective on S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Mizuho lifted their target price on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. lifted their target price on shares of S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Stifel Nicolaus dropped their target price 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $550.00.

Insider Buying and Selling

In other S&P Global news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Martina Cheung purchased 2,322 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was acquired at an average cost of $429.93 per share, with a total value of $998,297.46. Following the completion of the acquisition, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.

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.