S&P Global Inc. $SPGI Position Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 665,211 shares of the business services provider’s stock after purchasing an additional 6,196 shares during the quarter. PNC Financial Services Group Inc.’s holdings in S&P Global were worth $282,941,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Joseph Group Capital Management bought a new stake in S&P Global in the fourth quarter valued at $29,000. North Star Investment Management Corp. grew its position in shares of S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after acquiring an additional 35 shares during the last quarter. Palladiem LLC acquired a new stake in shares of S&P Global in the 4th quarter worth about $36,000. Palisade Asset Management LLC acquired a new stake in shares of S&P Global in the 3rd quarter worth about $36,000. Finally, Swiss RE Ltd. acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $39,000. 87.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at S&P Global

In related news, CEO Catherine R. Clay purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the acquisition, the chief executive officer owned 2,500 shares in the company, valued at $1,078,475. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Martina Cheung purchased 2,322 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the acquisition, the chief executive officer owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 5,974 shares of company stock valued at $2,576,775 in the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

S&P Global Price Performance

SPGI opened at $430.69 on Wednesday. The firm has a market capitalization of $127.48 billion, a P/E ratio of 27.26, a PEG ratio of 2.15 and a beta of 1.08. The stock has a fifty day moving average of $422.04 and a 200-day moving average of $443.53. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. The business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.S&P Global’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities analysts forecast that S&P Global Inc. will post 19.47 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group dropped their price target on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Robert W. Baird raised their target price on S&P Global from $520.00 to $521.00 and gave the company an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price on S&P Global from $535.00 to $555.00 and gave the stock an “overweight” rating in a report on Monday. Rothschild & Co Redburn dropped their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Finally, Wall Street Zen raised shares of S&P Global to a “hold” rating in a report on Saturday, July 4th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $533.59.

Key Stories Impacting S&P Global

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Robert W. Baird raised its price target on S&P Global (SPGI) to $521 and kept an outperform rating, suggesting meaningful upside from current levels. Benzinga
• Positive Sentiment: JPMorgan also lifted its price target on SPGI to $555 and maintained an overweight rating, reinforcing a bullish analyst view. Benzinga
• Positive Sentiment: S&P Dow Jones Indices and Pantera Capital launched the S&P Pantera Digital Asset Index, a rules-based benchmark for institutional digital-asset investing that could strengthen S&P Global’s index business and credibility in crypto-related products. PR Newswire
• Neutral Sentiment: Recent commentary notes S&P Global’s upcoming earnings report is expected to show growth, but one preview said the company may not have the ideal setup for an earnings beat, keeping expectations mixed. Zacks
• Neutral Sentiment: Erste Group Bank reportedly cut FY2027 EPS estimates for SPGI, which adds some caution around longer-term earnings expectations. American Banking News
• Neutral Sentiment: Online value-investor chatter has been positive on SPGI, comparing it favorably with other high-profile names, but this is more sentiment than a fundamental catalyst. Insider Monkey

About S&P Global

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.