BTC Capital Management Inc. Has $7.58 Million Stock Holdings in S&P Global Inc. $SPGI

BTC Capital Management Inc. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 41.2% in the first quarter, Holdings Channel.com reports. The fund owned 17,825 shares of the business services provider’s stock after purchasing an additional 5,197 shares during the quarter. BTC Capital Management Inc.’s holdings in S&P Global were worth $7,581,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SPGI. Joseph Group Capital Management bought a new stake in S&P Global in the fourth quarter valued at about $29,000. North Star Investment Management Corp. lifted its stake in 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 purchasing an additional 35 shares during the period. Palladiem LLC bought a new position in S&P Global during the fourth quarter worth about $36,000. Palisade Asset Management LLC acquired a new stake in S&P Global during the third quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. boosted its holdings in S&P Global by 171.4% during the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 0.6%

SPGI stock opened at $402.58 on Thursday. The business has a fifty day moving average price of $422.39 and a 200 day moving average price of $454.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The stock has a market capitalization of $119.16 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 1.71 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 analysts’ consensus estimates of $4.82 by $0.15. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts expect that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared 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. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s payout ratio is currently 24.56%.

Analyst Ratings Changes

SPGI has been the topic of several analyst reports. Daiwa Securities Group lowered their price objective 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. Rothschild & Co Redburn decreased their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Morgan Stanley upped their price target on S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Jefferies Financial Group upped their price target on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of S&P Global in a research note on Tuesday, April 28th. Eighteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $545.28.

Insider Buying and Selling

In related news, Director Robert Edward Jr. Moritz purchased 1,152 shares of S&P Global stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the transaction, the director directly owned 1,152 shares in the company, valued at approximately $500,002.56. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Martina Cheung acquired 2,322 shares of the firm’s stock in a transaction 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 owned 27,518 shares in the company, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 5,974 shares of company stock worth $2,576,775 in the last 90 days. 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.