Keybank National Association OH Sells 24,195 Shares of S&P Global Inc. $SPGI

Keybank National Association OH trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 15.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 127,985 shares of the business services provider’s stock after selling 24,195 shares during the period. Keybank National Association OH’s holdings in S&P Global were worth $54,437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. YANKCOM Partnership raised its stake in shares of S&P Global by 7.9% in the fourth quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock worth $135,000 after purchasing an additional 19 shares during the last quarter. LeConte Wealth Management LLC boosted its position in shares of S&P Global by 4.1% during the fourth quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock valued at $267,000 after buying an additional 20 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC increased its holdings in S&P Global by 3.3% in the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock worth $330,000 after buying an additional 20 shares in the last quarter. Steigerwald Gordon & Koch Inc. increased its holdings in S&P Global by 15.6% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock worth $77,000 after buying an additional 20 shares in the last quarter. Finally, Embree Financial Group raised its position in S&P Global by 2.0% in the 4th quarter. Embree Financial Group now owns 1,090 shares of the business services provider’s stock worth $570,000 after buying an additional 21 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 research analyst reports. The Goldman Sachs Group lowered their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. BMO Capital Markets boosted their price objective on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Finally, Daiwa Securities Group dropped their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Seventeen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $540.65.

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the purchase, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Martina Cheung acquired 2,322 shares of the stock in a transaction dated Wednesday, April 29th. The shares were bought at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the transaction, the chief executive officer owned 27,518 shares in the company, valued at approximately $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 5,974 shares of company stock worth $2,576,775 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.

S&P Global Trading Up 5.6%

Shares of SPGI stock opened at $438.31 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The firm has a fifty day moving average price of $419.44 and a 200-day moving average price of $450.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $129.74 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.77 and a beta of 1.08.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the business posted $4.37 EPS. S&P Global’s revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts predict that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is presently 24.56%.

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.