Brookstone Capital Management 13F: Cuts SPGI Stake by $9.5M

Brookstone Capital Management cut its stake in S&P Global Inc. (NYSE:SPGI) by 92.7% during the period, according to a Form 13F filing disclosed on October 22, 2026. The institutional investor parted ways with 23,975 shares of the financial data provider, leaving it with a remaining total of 1,890 shares. That remaining holding was valued at $745,488 at the time of the filing. S&P Global closed at $453.10 on the filing date.

SPGI S&P Global Inc.

$455.88 ▼ -5.36% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Brookstone Capital Management's S&P Global Position

The fund's heavy reduction brought its S&P Global holdings down from 25,865 shares to 1,890 shares. This decrease of 23,975 shares represents a 92.7% drop for the position. Such a large scale-back leaves the fund with a much smaller footprint in the financial data firm.

Other Institutional Activity in S&P Global

Other large funds also made adjustments to their S&P Global portfolios recently. Eagle Capital Management reported a stake of 1,425,311 shares worth $580,472,171. Quilter grew its holdings by 18,047 shares, ending with 234,458 shares worth about $92,486,647 after an 8.3% increase. James Hambro & Partners reduced its position by 9,879 shares, ending with 25,164 shares worth about $9,933,740 following a 28.2% decrease. Ninety One UK grew its holdings by 384,257 shares, ending with 1,355,551 shares worth about $534,724,218 after a 39.6% increase. Curated Wealth Partners cut its stake by 3,506,988 shares, ending with 2,300 shares worth about $907,281 following a 99.9% decrease.

S&P Global Inc. Stock Up 2.2%

S&P Global recently traded around $453.12 as of October 23, 2026, which is about equal to its close of $453.10 on October 22, 2026. The stock sits 8.7% above its 50-day moving average of $416.71 and 8.1% above its 200-day moving average of $419.08. Shares trade 13.3% below their 52-week high of $522.47 and 25.5% above their 52-week low of $361.03. The stock trades 11.9% below the average analyst price target of $514.05.

Recent Earnings

S&P Global generated $16.12 billion in trailing twelve-month revenue alongside basic earnings of $16.43 per share. The company posted a net profit margin of 30.5% and a return on equity of 14.3%. Its next quarterly earnings report is scheduled for October 27, 2026.

Dividend

S&P Global pays an annual dividend rate of $3.88 per share, which translates to a dividend yield of 0.88%. The company pays out 23.5% of its earnings as dividends to shareholders.

Insider Buying and Selling at S&P Global Inc.

Company insiders completed several open market transactions earlier in the year. Director Hubert Joly acquired 2,500 shares valued at $997,459 on February 11, 2026. Chief Executive Officer Martina Cheung purchased 2,322 shares on April 29, 2026, at an average price of $429.93 for a total value of $998,297. Director Robert Edward Moritz Jr. bought 1,151 shares on April 30, 2026, at $434.03 per share totaling $500,001. Officer Catherine R. Clay acquired 2,500 shares on May 1, 2026, at $431.39 per share for a total value of $1,078,475.

Analysts Set New Price Targets

Wall Street firms maintain a generally positive view of the stock. RBC Capital reiterated an outperform rating with a $510.00 price target on August 26, 2026. Mizuho maintained an outperform rating while lowering its price target from $554.00 to $531.00 on October 6, 2026. Morgan Stanley maintained an overweight rating while trimming its target from $525.00 to $477.00 on October 7, 2026. BMO Capital maintained an outperform rating while adjusting its target from $505.00 to $500.00 on October 13, 2026. JP Morgan maintained an overweight rating while lowering its target from $530.00 to $520.00 on October 14, 2026. The stock holds a consensus strong buy recommendation across 21 analyst opinions, with targets ranging from a low of $477.00 to a high of $553.00.

About S&P Global

S&P Global Inc. provides essential financial benchmarks, credit ratings, data analytics, and workflow solutions to global capital and commodity markets. It operates across four main divisions that deliver market intelligence, ratings, energy research, and index products. Institutional filing shifts in the stock draw close attention from market participants tracking large capital movements in major financial data providers.

Bottom Line

Investors are keeping a close watch on S&P Global ahead of its upcoming earnings report on October 27, 2026. Future regulatory filings will show whether other major institutional holders follow Brookstone's lead in trimming exposure or continue to build positions.