Abacus Wealth Partners LLC Acquires New Holdings in S&P Global Inc. $SPGI

by · The Cerbat Gem

Abacus Wealth Partners LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,682 shares of the business services provider’s stock, valued at approximately $1,924,000.

A number of other institutional investors have also recently bought and sold shares of SPGI. YANKCOM Partnership lifted its stake in shares of S&P Global by 7.9% in 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 during the period. LeConte Wealth Management LLC lifted its stake in shares of S&P Global by 4.1% in 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 during the period. Elwood & Goetz Wealth Advisory Group LLC lifted its stake in shares of S&P Global by 3.3% in 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 during the period. Steigerwald Gordon & Koch Inc. lifted its stake in shares of S&P Global by 15.6% in 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 during the period. Finally, Centerpoint Advisors LLC lifted its stake in shares of S&P Global by 2.5% in 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 during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity

In other S&P Global news, CEO Catherine R. Clay acquired 2,500 shares of S&P Global stock in a transaction dated Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the acquisition, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at $1,078,475. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of S&P Global stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director directly owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 5,974 shares of company stock worth $2,576,775 over the last three months. 0.03% of the stock is currently owned by insiders.

S&P Global Price Performance

SPGI stock opened at $402.90 on Friday. The stock has a market capitalization of $119.26 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.72 and a beta of 1.11. The company’s 50-day moving average is $427.94 and its 200-day moving average is $469.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts expect that S&P Global Inc. will post 19.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on SPGI. Rothschild & Co Redburn dropped their target price on shares of S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. BMO Capital Markets increased their target price on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Evercore cut their target price on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Jefferies Financial Group increased their price objective on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Morgan Stanley increased their price objective on shares of S&P Global from $556.00 to $557.00 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $550.00.

Check Out Our Latest Report on SPGI

S&P Global Profile

(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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