Balentine LLC Makes New $576,000 Investment in S&P Global Inc. $SPGI

Balentine LLC bought a new position in S&P Global Inc. (NYSE:SPGI) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,355 shares of the business services provider’s stock, valued at approximately $576,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new stake in S&P Global in the 4th quarter valued at about $29,000. North Star Investment Management Corp. boosted its stake in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares during the last quarter. Palladiem LLC purchased a new position in shares of S&P Global in the 4th quarter worth approximately $36,000. Palisade Asset Management LLC bought a new position in shares of S&P Global in the third quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. grew its holdings in shares of S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 2.1%

Shares of SPGI opened at $415.95 on Thursday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The business has a 50-day moving average of $419.56 and a 200 day moving average of $451.03. The firm has a market cap of $123.12 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business earned $4.37 earnings per share. The company’s quarterly 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, research analysts forecast that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on SPGI. Weiss Ratings lowered S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Wells Fargo & Company reduced their price objective on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. BMO Capital Markets raised their target price on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Daiwa Securities Group lowered their target price on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group boosted their price target on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Seventeen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $540.65.

Insider Activity at S&P Global

In other S&P Global news, CEO Catherine R. Clay bought 2,500 shares of the stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the acquisition, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at $1,078,475. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Martina Cheung acquired 2,322 shares of the company’s stock in a transaction that occurred on 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 acquisition, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. This represents a 9.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.

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.