S&P Global (SPGI) slides as investors continue to reassess 2026 outlook amid a risk-off tape

S&P Global (SPGI) is down 3.8% today. Here is some analysis on what might have caused this price movement.

Analysis: SPGI’s decline looks driven more by positioning and macro risk-off sentiment than by a single fresh company-specific headline. Investors have also continued to reprice the stock after S&P Global’s February outlook and medium-term narrative, which left less room for error given the stock’s valuation.

Details:

S&P Global’s latest annual outlook called for organic constant-currency revenue growth of 6%–8% and provided 2026 adjusted EPS guidance, which has remained a focal point for expectations around ratings issuance and data/analytics growth.

Broader market tone has been defensive, with elevated volatility and tighter financial-conditions chatter, which can pressure information-services and credit-cycle-exposed names even without new company news.

Analyst models and price targets have been actively updated in recent weeks, which can create incremental selling pressure as estimates are recalibrated post-guidance.

This could also reflect continued de-risking tied to uncertainty around the planned Mobility separation timeline and what “post-separation” growth and margin profile will look like.

Sources:

S&P Global Investor Relations, Nasdaq, Saxo Bank

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SPGI Insider Trading Activity

$SPGI insiders have traded $SPGI stock on the open market 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $SPGI stock by insiders over the last 6 months:

HUBERT JOLY has made 2 purchases buying 2,500 shares for an estimated $997,459 and 0 sales.
WILLIAM W EAGER (President, S&P Global Mobility) has made 2 purchases buying 23 shares for an estimated $11,917 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$SPGI Hedge Fund Activity

We have seen 944 institutional investors add shares of $SPGI stock to their portfolio, and 1,038 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 8,312,857 shares (-74.9%) from their portfolio in Q4 2025, for an estimated $4,344,215,939
LOMBARD ODIER ASSET MANAGEMENT (EUROPE) LTD removed 2,438,336 shares (-98.1%) from their portfolio in Q4 2025, for an estimated $1,274,250,010
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN removed 1,710,698 shares (-66.1%) from their portfolio in Q4 2025, for an estimated $893,993,667
ROCKEFELLER CAPITAL MANAGEMENT L.P. added 1,590,398 shares (+2487.8%) to their portfolio in Q4 2025, for an estimated $831,126,090
CARDANO RISK MANAGEMENT B.V. added 1,576,544 shares (+858.3%) to their portfolio in Q4 2025, for an estimated $823,886,128
WELLINGTON MANAGEMENT GROUP LLP removed 1,449,765 shares (-23.3%) from their portfolio in Q4 2025, for an estimated $757,632,691
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 981,451 shares (+1598.9%) to their portfolio in Q4 2025, for an estimated $512,896,478

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$SPGI Government Contracts

We have seen $15,926,872 of award payments to $SPGI over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

FINANCIAL DATA ANALYSIS AWARD: $4,116,850
S&P GLOBAL MARKET INTELLIGENCE LLC: $671,720
S&P DATA SUBSCRIPTIONS: $651,873
ACCESS TO CAPITAL IQS FINANCIAL DATA: $575,801
CAPITAL IQ, AND CREDIT & RISK SOLUTIONS COMMERCIAL OFF-THE-SHELF SOFTWARE.: $516,025

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$SPGI Congressional Stock Trading

Members of Congress have traded $SPGI stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $SPGI stock by members of Congress over the last 6 months:

REPRESENTATIVE RICK W. ALLEN purchased up to $50,000 on 01/14.
REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$SPGI Analyst Ratings

Wall Street analysts have issued reports on $SPGI in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Overweight" rating on 10/31/2025
Stifel issued a "Buy" rating on 10/31/2025
Mizuho issued a "Outperform" rating on 10/16/2025
BMO Capital issued a "Outperform" rating on 10/16/2025
Evercore ISI Group issued a "Outperform" rating on 10/14/2025
Seaport Global issued a "Buy" rating on 10/01/2025
Citigroup issued a "Buy" rating on 09/15/2025

To track analyst ratings and price targets for $SPGI, check out Quiver Quantitative's $SPGI forecast page.

$SPGI Price Targets

Multiple analysts have issued price targets for $SPGI recently. We have seen 12 analysts offer price targets for $SPGI in the last 6 months, with a median target of $550.5.

Here are some recent targets:

Alex Kramm from UBS set a target price of $550.0 on 02/17/2026
Sean Kennedy from Mizuho set a target price of $551.0 on 02/12/2026
Jeffrey Silber from BMO Capital set a target price of $482.0 on 02/12/2026
Jason Haas from Wells Fargo set a target price of $530.0 on 02/11/2026
Shlomo Rosenbaum from Stifel set a target price of $489.0 on 02/11/2026
George Tong from Goldman Sachs set a target price of $498.0 on 02/11/2026
Ashish Sabadra from RBC Capital set a target price of $560.0 on 02/11/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.