Balentine LLC Invests $576,000 in S&P Global Inc. $SPGI

Balentine LLC bought a new stake in S&P Global Inc. (NYSE:SPGI) during the first quarter, Holdings Channel.com reports. The fund bought 1,355 shares of the business services provider’s stock, valued at approximately $576,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. YANKCOM Partnership grew its stake in S&P Global by 7.9% in the 4th quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock worth $135,000 after buying an additional 19 shares in the last quarter. LeConte Wealth Management LLC grew its position in S&P Global by 4.1% in the fourth quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock worth $267,000 after acquiring an additional 20 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC increased its stake in S&P Global by 3.3% in the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock valued at $330,000 after acquiring an additional 20 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its stake in S&P Global by 15.6% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 20 shares during the last quarter. Finally, Embree Financial Group raised its position in S&P Global by 2.0% during the fourth quarter. Embree Financial Group now owns 1,090 shares of the business services provider’s stock valued at $570,000 after purchasing an additional 21 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Catherine R. Clay acquired 2,500 shares of the firm’s stock in a transaction 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 acquisition, the chief executive officer owned 2,500 shares of the company’s stock, valued at $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Martina Cheung bought 2,322 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was bought at an average cost of $429.93 per share, with a total value 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 trade represents a 9.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 5,974 shares of company stock valued at $2,576,775 over the last quarter. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent research reports. Morgan Stanley increased 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. Mizuho upped their target price on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. BMO Capital Markets upped their target price on S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Rothschild & Co Redburn reduced 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, UBS Group reissued a “buy” rating on shares of S&P Global in a research note on Wednesday, May 27th. Seventeen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $540.65.

S&P Global Price Performance

Shares of S&P Global stock opened at $415.95 on Thursday. The company’s fifty day simple moving average is $419.56 and its two-hundred day simple moving average is $451.03. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The firm has a market cap of $123.12 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. 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 (NYSE:SPGI) last posted 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. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. S&P Global’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts expect that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Dividend Announcement

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

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.