MGO One Seven LLC Raises Stock Position in S&P Global Inc. $SPGI

MGO One Seven LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 50.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,920 shares of the business services provider’s stock after acquiring an additional 2,658 shares during the period. MGO One Seven LLC’s holdings in S&P Global were worth $4,139,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of S&P Global by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock worth $15,873,340,000 after purchasing an additional 117,728 shares during the last quarter. Wellington Management Group LLP boosted its holdings in S&P Global by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock worth $3,033,003,000 after buying an additional 274,285 shares during the last quarter. Legal & General Group Plc boosted its holdings in S&P Global by 3.2% in the 3rd quarter. Legal & General Group Plc now owns 2,202,872 shares of the business services provider’s stock worth $1,072,160,000 after buying an additional 67,868 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in S&P Global by 0.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,970,788 shares of the business services provider’s stock worth $1,010,344,000 after buying an additional 5,706 shares in the last quarter. Finally, Unisphere Establishment increased its stake in S&P Global by 5.9% during the 2nd quarter. Unisphere Establishment now owns 1,800,000 shares of the business services provider’s stock worth $949,122,000 after buying an additional 100,000 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 2.1%

SPGI stock opened at $419.85 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 50-day moving average of $431.09 and a two-hundred day moving average of $472.16. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $579.05. The company 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) last issued its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.15. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, analysts forecast that S&P Global Inc. will post 19.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Martina Cheung bought 2,322 shares of the business’s stock in a transaction 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 purchase, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Catherine R. Clay purchased 2,500 shares of S&P Global stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the acquisition, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on SPGI. Stifel Nicolaus reduced their target price on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Bank of America assumed coverage on S&P Global in a research note on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target on the stock. Jefferies Financial Group boosted their price target on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Mizuho raised their price objective on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, Evercore decreased their price objective on S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “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.