Concurrent Investment Advisors LLC Boosts Position in S&P Global Inc. $SPGI

Concurrent Investment Advisors LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 39.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,005 shares of the business services provider’s stock after buying an additional 4,252 shares during the period. Concurrent Investment Advisors LLC’s holdings in S&P Global were worth $7,841,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Calamos Advisors LLC raised its stake in shares of S&P Global by 15.8% during the fourth quarter. Calamos Advisors LLC now owns 122,648 shares of the business services provider’s stock valued at $64,095,000 after purchasing an additional 16,708 shares during the period. Davis Rea LTD. raised its stake in shares of S&P Global by 1.1% during the fourth quarter. Davis Rea LTD. now owns 8,961 shares of the business services provider’s stock valued at $4,683,000 after purchasing an additional 99 shares during the period. Cadinha & Co. LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $209,000. Diversified Enterprises LLC raised its stake in shares of S&P Global by 127.9% during the fourth quarter. Diversified Enterprises LLC now owns 1,167 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 655 shares during the period. Finally, Chicago Partners Investment Group LLC raised its stake in shares of S&P Global by 11.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,402 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 252 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.5%

SPGI stock opened at $436.62 on Friday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $132.50 billion, a P/E ratio of 29.80, a PEG ratio of 1.97 and a beta of 1.20. The firm has a 50 day simple moving average of $428.78 and a 200-day simple moving average of $474.72.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the business posted $3.77 EPS. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts predict that S&P Global Inc. will post 19.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays reiterated an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a research note on Monday, February 23rd. Weiss Ratings lowered shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada dropped their price objective on shares of 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. The Goldman Sachs Group set a $498.00 price objective on shares of S&P Global in a research note on Wednesday, February 11th. Finally, Stifel Nicolaus decreased 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 research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus price target of $558.47.

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.