Foster Victor Wealth Advisors LLC Acquires 8,489 Shares of S&P Global Inc. $SPGI

Key Points

• Foster Victor Wealth Advisors raised its S&P Global stake by 24.1%, buying 8,489 shares to hold 43,735 shares worth $23.894 million, roughly 1.4% of its portfolio and its 15th largest holding.
• Institutional investors own about 87.17% of SPGI; analysts' consensus is a Buy with an average target of $558.47, though ratings are mixed, and S&P Global recently reported a slight EPS miss ($4.30 vs. $4.32) while revenue rose 9% and FY2026 EPS guidance is 19.40–19.65.

Foster Victor Wealth Advisors LLC increased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 24.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,735 shares of the business services provider's stock after buying an additional 8,489 shares during the period. S&P Global comprises approximately 1.4% of Foster Victor Wealth Advisors LLC's investment portfolio, making the stock its 15th biggest holding. Foster Victor Wealth Advisors LLC's holdings in S&P Global were worth $23,894,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SPGI. J.Safra Asset Management Corp bought a new position in S&P Global in the third quarter worth approximately $29,000. First Pacific Financial grew its holdings in S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider's stock worth $36,000 after purchasing an additional 25 shares during the last quarter. Palisade Asset Management LLC purchased a new position in S&P Global in the third quarter worth $36,000. Ameriflex Group Inc. grew its holdings in S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider's stock worth $37,000 after purchasing an additional 48 shares during the last quarter. Finally, TruNorth Capital Management LLC grew its holdings in S&P Global by 937.5% in the third quarter. TruNorth Capital Management LLC now owns 83 shares of the business services provider's stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several analyst reports. Weiss Ratings lowered shares of S&P Global from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, March 11th. Bank of America initiated coverage on shares of S&P Global in a report on Tuesday, February 17th. They issued a "buy" rating and a $575.00 price target on the stock. The Goldman Sachs Group set a $498.00 price target on shares of S&P Global in a report on Wednesday, February 11th. Robert W. Baird set a $546.00 price target on shares of S&P Global in a report on Wednesday, February 11th. Finally, BMO Capital Markets lifted their price target on shares of S&P Global from $482.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, March 17th. One research 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. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $558.47.

S&P Global Price Performance

Shares of SPGI opened at $425.19 on Wednesday. The firm has a market capitalization of $129.03 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 1.90 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The company's fifty day moving average price is $426.35 and its 200-day moving average price is $477.02.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts' consensus estimates of $4.32 by ($0.02). The company had revenue of $3.92 billion for the quarter, compared to analysts' expectations of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. S&P Global's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.