Envestnet Asset Management Inc. Reduces Position in S&P Global Inc. $SPGI

Key Points

• Envestnet Asset Management reduced its S&P Global stake by 2.8%, selling 21,864 shares and retaining 770,066 shares valued at approximately $313.6 million. Institutional investors collectively own 87.17% of the company.
• S&P Global exceeded quarterly expectations, reporting $4.83 in EPS and $4.15 billion in revenue, with revenue rising 10.4% year over year. The company provided fiscal 2026 EPS guidance of $17.50–$17.75.
• Analyst sentiment remains positive: 18 analysts rate the stock a Buy and two rate it a Hold, resulting in a “Moderate Buy” consensus and an average price target of $523.59.

Envestnet Asset Management Inc. decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 770,066 shares of the business services provider's stock after selling 21,864 shares during the quarter. Envestnet Asset Management Inc. owned about 0.26% of S&P Global worth $313,629,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dorsey Asset Management LLC purchased a new position in S&P Global during the first quarter valued at approximately $94,716,000. Capital International Inc. CA boosted its holdings in S&P Global by 11.6% during the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider's stock worth $36,955,000 after buying an additional 7,343 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in S&P Global by 17.9% during the first quarter. NewEdge Advisors LLC now owns 20,005 shares of the business services provider's stock worth $8,509,000 after buying an additional 3,038 shares in the last quarter. Principal Financial Group Inc. grew its position in S&P Global by 12.9% during the second quarter. Principal Financial Group Inc. now owns 572,659 shares of the business services provider's stock valued at $233,228,000 after buying an additional 65,529 shares during the period. Finally, BNP Paribas grew its position in S&P Global by 21.5% during the fourth quarter. BNP Paribas now owns 62,805 shares of the business services provider's stock valued at $32,854,000 after buying an additional 11,119 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 0.9%

Shares of SPGI stock opened at $406.12 on Thursday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $552.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The stock's fifty day moving average is $423.49 and its two-hundred day moving average is $424.10. The firm has a market capitalization of $119.73 billion, a P/E ratio of 24.79, a PEG ratio of 1.94 and a beta of 1.07.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the business earned $4.43 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 17.500-17.750 EPS. Research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SPGI shares. Stifel Nicolaus lifted their price target on S&P Global from $489.00 to $521.00 and gave the company a "buy" rating in a research note on Friday, July 17th. Royal Bank Of Canada restated an "outperform" rating and issued a $510.00 price objective on shares of S&P Global in a research report on Wednesday, August 26th. Bank of America reduced their target price on S&P Global from $575.00 to $550.00 and set a "buy" rating for the company in a research note on Friday, July 10th. The Goldman Sachs Group reduced their price objective on shares of S&P Global from $539.00 to $490.00 and set a "buy" rating for the company in a research report on Wednesday, July 1st. Finally, Citigroup increased their price objective on shares of S&P Global from $454.00 to $500.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $523.59.

About S&P Global

S&P Global Inc NYSE: SPGI provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.

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