Whittier Trust Co. Boosts Stock Position in S&P Global Inc. $SPGI

Whittier Trust Co. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.7% in the first quarter, Holdings Channel reports. The institutional investor owned 74,773 shares of the business services provider’s stock after purchasing an additional 3,344 shares during the period. Whittier Trust Co.’s holdings in S&P Global were worth $32,460,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of S&P Global by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock worth $15,873,340,000 after purchasing an additional 117,728 shares during the last quarter. State Street Corp grew its position in S&P Global by 1.1% during the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock valued at $7,451,971,000 after purchasing an additional 157,301 shares during the last quarter. TCI Fund Management Ltd. grew its position in S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after purchasing an additional 600,440 shares during the last quarter. Morgan Stanley increased its stake in S&P Global by 3.3% during the 4th quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock valued at $4,354,796,000 after purchasing an additional 263,051 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in S&P Global by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock valued at $3,033,003,000 after purchasing an additional 274,285 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Activity

In other S&P Global news, Director Robert Edward Jr. Moritz bought 1,152 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the transaction, the director owned 1,152 shares of the company’s stock, valued at $500,002.56. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Catherine R. Clay bought 2,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at $1,078,475. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 5,974 shares of company stock valued at $2,576,775 in the last quarter. 0.03% of the stock is currently owned by insiders.

S&P Global Stock Performance

SPGI stock opened at $438.31 on Monday. 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 1 year low of $381.61 and a 1 year high of $579.05. The company has a market cap of $129.74 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. The stock’s fifty day moving average price is $419.23 and its 200-day moving average price is $450.16.

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, beating analysts’ consensus estimates 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 company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the business earned $4.37 earnings per share. S&P Global’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities analysts forecast that S&P Global Inc. will post 19.61 earnings per share for the current year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SPGI. 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 research note on Wednesday, May 20th. The Goldman Sachs Group reduced their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Wells Fargo & Company decreased their price objective on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Morgan Stanley upped their price objective 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. Finally, JPMorgan Chase & Co. increased their target price on S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Seventeen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $540.65.

S&P Global 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.