Swiss Life Asset Management Ltd Purchases 5,357 Shares of S&P Global Inc. $SPGI

by · The Cerbat Gem

Swiss Life Asset Management Ltd grew its position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 10.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 56,538 shares of the business services provider’s stock after acquiring an additional 5,357 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in S&P Global were worth $29,546,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Mizuho Markets Americas LLC raised its holdings in S&P Global by 104,031.3% during the 3rd 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. Credit Agricole S A purchased a new stake in S&P Global during the 3rd quarter valued at $180,503,000. Holocene Advisors LP raised its holdings in S&P Global by 79.8% during the 3rd 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. Wellington Management Group LLP raised its holdings in S&P Global by 4.6% during the 3rd 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. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in S&P Global during the 4th quarter valued at $127,269,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

SPGI stock opened at $419.85 on Monday. 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’s fifty day simple moving average is $431.09 and its two-hundred day simple moving average is $472.16. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The firm has a market cap of $124.27 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 1.80 and a beta of 1.11.

S&P Global (NYSE:SPGI – Get Free Report) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping 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 business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the firm posted $4.37 earnings per share. The business’s 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. Analysts predict that S&P Global Inc. will post 19.59 earnings per share for the current year.

Insiders Place Their Bets

In other S&P Global news, Director Robert Edward Jr. Moritz bought 1,152 shares of S&P Global stock in a transaction on Thursday, April 30th. The shares were acquired 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 in the company, valued at approximately $500,002.56. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Martina Cheung bought 2,322 shares of S&P Global stock in a transaction on Wednesday, April 29th. The stock was acquired at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the purchase, the chief executive officer owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 5,974 shares of company stock worth $2,576,775 over the last quarter. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SPGI shares. Robert W. Baird set a $546.00 price target on S&P Global in a report on Wednesday, February 11th. Weiss Ratings lowered S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Wells Fargo & Company decreased their price target on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Stifel Nicolaus decreased their price target on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Finally, BMO Capital Markets increased their price target on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, S&P Global has an average rating of “Buy” and a consensus price target of $550.00.

Read Our Latest Research Report on S&P Global

About S&P Global

(Free Report)

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.

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