North Dakota State Investment Board Invests $5.50 Million in S&P Global Inc. $SPGI

North Dakota State Investment Board acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,525 shares of the business services provider’s stock, valued at approximately $5,500,000.

Several other institutional investors and hedge funds also recently modified their holdings of SPGI. J.Safra Asset Management Corp acquired a new position in shares of S&P Global during the third quarter worth about $29,000. Joseph Group Capital Management acquired a new position in shares of S&P Global during the fourth quarter worth about $29,000. North Star Investment Management Corp. boosted 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 buying an additional 35 shares during the period. Palisade Asset Management LLC acquired a new position in shares of S&P Global during the third quarter worth about $36,000. Finally, Ameriflex Group Inc. boosted its position 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 worth $37,000 after buying an additional 48 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

NYSE:SPGI opened at $402.90 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 stock’s 50 day moving average price is $427.94 and its two-hundred day moving average price is $469.12. The firm has a market capitalization of $119.26 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 1.72 and a beta of 1.11. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, analysts anticipate that S&P Global Inc. will post 19.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SPGI. JPMorgan Chase & Co. upped their price objective 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. The Goldman Sachs Group reaffirmed a “buy” rating on shares of S&P Global in a research report on Tuesday, April 28th. Barclays reaffirmed an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a research report on Monday, February 23rd. Robert W. Baird set a $546.00 price objective on S&P Global in a research report on Wednesday, February 11th. Finally, BMO Capital Markets upped their target price on S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Sixteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $550.00.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Martina Cheung acquired 2,322 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were purchased at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the purchase, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the purchase, the director directly owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 5,974 shares of company stock worth $2,576,775 over the last 90 days. Company insiders own 0.03% of the company’s stock.

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.