This afternoon we watched S&P Global drop -1.9% to a price of $429.57 per share. The large-cap Diversified Financial company is now trading -11.34% below its average target price of $484.5. Analysts have set target prices ranging from $400.0 to $530.0 per share for S&P Global, and have given the stock an average rating of buy.
S&P Global's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.8%. The stock's short ratio is 2.28. The company's insiders own 0.19% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 90.4%. In conclusion, we believe there is mixed market sentiment regarding S&P Global.
Institutions Invested in S&P Global
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 28,456,969 | $12,224,194,380 |
| 2023-09-30 | Blackrock Inc. | 8% | 24,339,803 | $10,455,592,900 |
| 2023-09-30 | State Street Corporation | 4% | 14,020,383 | $6,022,703,510 |
| 2023-09-30 | JP Morgan Chase & Company | 3% | 9,699,724 | $4,166,688,012 |
| 2023-09-30 | TCI Fund Management Ltd | 3% | 9,058,611 | $3,891,286,583 |
| 2023-09-30 | Wellington Management Group, LLP | 2% | 7,579,943 | $3,256,098,589 |
| 2023-09-30 | FMR, LLC | 2% | 6,395,326 | $2,747,225,403 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 6,035,283 | $2,592,562,564 |
| 2023-09-30 | Morgan Stanley | 2% | 5,658,865 | $2,430,865,554 |
| 2023-09-30 | Capital International Investors | 2% | 4,885,307 | $2,098,570,033 |
