Handelsbanken Fonder AB Purchases 41,580 Shares of S&P Global Inc. $SPGI

Handelsbanken Fonder AB raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 18.0% in the fourth quarter, HoldingsChannel reports. The firm owned 272,430 shares of the business services provider’s stock after acquiring an additional 41,580 shares during the period. Handelsbanken Fonder AB’s holdings in S&P Global were worth $142,369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. YANKCOM Partnership raised its position in S&P Global by 7.9% during the 4th quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 19 shares in the last quarter. LeConte Wealth Management LLC raised its position in S&P Global by 4.1% during the 4th quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 20 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC raised its position 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 valued at $330,000 after purchasing an additional 20 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its position in S&P Global by 15.6% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 20 shares in the last quarter. Finally, Centerpoint Advisors LLC raised its position in S&P Global by 2.5% during the 3rd quarter. Centerpoint Advisors LLC now owns 859 shares of the business services provider’s stock valued at $418,000 after purchasing an additional 21 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Activity at S&P Global

In other S&P Global news, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the transaction, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. This represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of S&P Global stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the transaction, the director directly owned 1,152 shares in the company, valued at $500,002.56. This represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 5,974 shares of company stock valued at $2,576,775 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Evercore reduced their price target on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Wells Fargo & Company reduced their price target on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Rothschild & Co Redburn reduced their price target on S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. Barclays reissued an “overweight” rating and issued a $565.00 price target on shares of S&P Global in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. boosted their price target on S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Sixteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $550.00.

S&P Global Trading Up 3.5%

SPGI opened at $417.30 on Tuesday. The firm has a market cap of $123.52 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 1.72 and a beta of 1.11. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. The stock has a fifty day moving average price of $427.27 and a 200-day moving average price of $468.58.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $4.37 EPS. The firm’s quarterly 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, equities research analysts anticipate that S&P Global Inc. will post 19.59 earnings per share for the current fiscal year.

S&P Global 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.