S&P Global slides as investors continue to digest softer 2026 outlook and spin-off uncertainty

S&P Global Inc. (SPGI) is down 3.1% today. Here is some analysis on what might have caused this price movement.

Analysis: SPGI’s decline looks consistent with an ongoing reassessment of its 2026 earnings outlook after management guided adjusted EPS below what the market had been expecting, with added uncertainty tied to the planned mid-2026 Mobility spin. This could also be amplified by day-to-day shifts in expectations for debt issuance activity, which influences ratings-related revenue.

Details:

S&P Global’s recent full-year 2026 adjusted EPS guidance was $19.40 to $19.65, with GAAP guidance expected after the Mobility spin (targeted for mid-2026).

The company reported Q4 2025 adjusted diluted EPS of $4.30 on revenue of about $3.916 billion, and noted strength across key divisions like Ratings and Indices.

S&P Global said it returned $6.2 billion to shareholders in 2025 (dividends plus share repurchases) and increased its quarterly dividend to $0.97.

The company’s 2025 annual report was filed in mid-February 2026, keeping investor focus on risk-factor updates and forward-looking assumptions around markets activity.

Sources:

S&P Global Investor Relations, SEC, Investing.com

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 3 times in the past 6 months. Of those trades, 3 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) purchased 12 shares for an estimated $5,963

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

$SPGI Hedge Fund Activity

We have seen 946 institutional investors add shares of $SPGI stock to their portfolio, and 1,040 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 $16,323,832 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 6 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

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 11 analysts offer price targets for $SPGI in the last 6 months, with a median target of $550.0.

Here are some recent targets:

Jeffrey Silber from BMO Capital set a target price of $495.0 on 03/17/2026
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
Shlomo Rosenbaum from Stifel set a target price of $489.0 on 02/11/2026
Ashish Sabadra from RBC Capital set a target price of $560.0 on 02/11/2026
George Tong from Goldman Sachs set a target price of $498.0 on 02/11/2026
David Motemeden from Evercore ISI Group set a target price of $625.0 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.