Sterling Investment Management LLC Has $6.88 Million Stake in S&P Global Inc. $SPGI

Sterling Investment Management LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 12.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,171 shares of the business services provider’s stock after purchasing an additional 1,422 shares during the period. S&P Global comprises about 3.9% of Sterling Investment Management LLC’s investment portfolio, making the stock its 7th biggest position. Sterling Investment Management LLC’s holdings in S&P Global were worth $6,883,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp bought a new position in S&P Global during the 3rd quarter valued at about $29,000. Joseph Group Capital Management acquired a new position in shares of S&P Global during the fourth quarter worth approximately $29,000. North Star Investment Management Corp. lifted its position in shares of S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares in the last quarter. Palisade Asset Management LLC bought a new stake in shares of S&P Global during the third quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. grew its stake in shares of S&P Global by 171.4% during the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 48 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of S&P Global in a research note on Tuesday, April 28th. UBS Group decreased their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. BMO Capital Markets increased their price target on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Royal Bank Of Canada decreased their price target 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. Finally, Wells Fargo & Company decreased their price target on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. One 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $550.44.

S&P Global Stock Down 0.4%

Shares of NYSE:SPGI opened at $424.52 on Tuesday. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The company has a 50 day moving average of $430.38 and a 200-day moving average of $473.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $125.66 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 1.82 and a beta of 1.11.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the company earned $4.37 EPS. S&P Global’s revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 19.58 earnings per share for the current year.

Insider Transactions at S&P Global

In other S&P Global news, CEO Catherine R. Clay purchased 2,500 shares of the stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the transaction, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Martina Cheung purchased 2,322 shares of the stock in a transaction dated Wednesday, April 29th. The shares were acquired at an average price of $429.93 per share, with a total value of $998,297.46. Following the transaction, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 5,974 shares of company stock worth $2,576,775 in the last quarter. 0.03% of the stock is owned by company insiders.

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.