Bank of New York Mellon Corp Trims Stock Position in S&P Global Inc. $SPGI

Bank of New York Mellon Corp trimmed its position in S&P Global Inc. (NYSE:SPGI) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,768,782 shares of the business services provider’s stock after selling 77,504 shares during the quarter. Bank of New York Mellon Corp’s holdings in S&P Global were worth $752,334,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Troy Asset Management Ltd raised its position in S&P Global by 26.2% in the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after purchasing an additional 8,652 shares during the period. First Merchants Corp lifted its stake in shares of S&P Global by 19.7% in the 4th quarter. First Merchants Corp now owns 16,614 shares of the business services provider’s stock valued at $8,682,000 after purchasing an additional 2,733 shares during the last quarter. Capital International Inc. CA grew its holdings in shares of S&P Global by 11.6% during the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock worth $36,955,000 after purchasing an additional 7,343 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of S&P Global during the 4th quarter worth $3,652,000. Finally, Dakota Wealth Management acquired a new stake in shares of S&P Global during the 4th quarter worth about $1,578,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $457.34 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $135.37 billion, a PE ratio of 28.95, a P/E/G ratio of 2.13 and a beta of 1.08. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The business’s fifty day moving average price is $420.74 and its 200 day moving average price is $445.29.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the company earned $4.37 EPS. S&P Global’s 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. On average, sell-side analysts anticipate that S&P Global Inc. will post 19.49 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared 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. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio is 24.56%.

Insider Transactions at S&P Global

In other S&P Global news, CEO Catherine R. Clay purchased 2,500 shares of S&P Global stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $434.03 per share, with a total value of $500,002.56. Following the purchase, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SPGI shares. Barclays reduced their price objective on shares of S&P Global from $565.00 to $555.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Evercore lowered their target price on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Bank of America dropped their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Mizuho boosted their price target on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, BMO Capital Markets boosted their price target on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Seventeen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $532.00.

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.