ABN AMRO Bank N.V. Has $381.53 Million Holdings in S&P Global Inc. $SPGI

Key Points

• ABN AMRO Bank N.V. increased its stake in S&P Global by 9.0% in the fourth quarter, ending with 730,689 shares valued at about $381.5 million. The stock now represents 3.6% of the firm’s portfolio and its third-largest holding.
• Insider buying was notable: CEO Martina Cheung and CEO Catherine R. Clay both bought shares recently, and insiders have purchased 5,974 shares worth about $2.58 million over the past three months.
• S&P Global reported better-than-expected quarterly results, including EPS of $4.97 versus $4.82 expected and revenue of $4.17 billion, up 10.4% year over year. Analysts remain broadly positive, with a consensus rating of Buy and an average price target of $550.

ABN AMRO Bank N.V. lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 730,689 shares of the business services provider's stock after buying an additional 60,138 shares during the quarter. S&P Global comprises 3.6% of ABN AMRO Bank N.V.'s investment portfolio, making the stock its 3rd largest holding. ABN AMRO Bank N.V. owned 0.24% of S&P Global worth $381,531,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Joseph Group Capital Management acquired a new stake in S&P Global in the 4th quarter worth approximately $29,000. J.Safra Asset Management Corp acquired a new stake in S&P Global in the 3rd quarter worth approximately $29,000. North Star Investment Management Corp. lifted its holdings in 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 purchasing an additional 35 shares during the last quarter. Palisade Asset Management LLC acquired a new stake in S&P Global in the 3rd quarter worth approximately $36,000. Finally, Ameriflex Group Inc. lifted its holdings in S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider's stock worth $37,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Insider Buying and Selling at S&P Global

In related news, CEO Martina Cheung purchased 2,322 shares of the stock in a transaction on Wednesday, April 29th. The shares were purchased at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the transaction, the chief executive officer directly owned 27,518 shares of the company's stock, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Catherine R. Clay purchased 2,500 shares of the stock in a transaction on Friday, May 1st. The stock was bought at an average price of $431.39 per share, for a total transaction 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 approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 5,974 shares of company stock worth $2,576,775 over the last three months. Company insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SPGI. Jefferies Financial Group boosted their target price on S&P Global from $500.00 to $535.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Royal Bank Of Canada reduced their target price on S&P Global from $620.00 to $560.00 and set an "outperform" rating for the company in a report on Wednesday, February 11th. Bank of America assumed coverage on S&P Global in a report on Tuesday, February 17th. They set a "buy" rating and a $575.00 price target for the company. Rothschild & Co Redburn cut their price target on S&P Global from $585.00 to $540.00 in a report on Thursday. Finally, Evercore cut their price target on S&P Global from $625.00 to $560.00 and set an "outperform" rating for the company in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $550.00.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $419.85 on Monday. The business's fifty day moving average price is $431.09 and its two-hundred day moving average price is $472.16. 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 $124.27 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.80 and a beta of 1.11. 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 (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share 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 firm had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same period in the prior year, the business posted $4.37 earnings per share. The business's revenue 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. As a group, analysts predict that S&P Global Inc. will post 19.59 EPS for the current fiscal year.

S&P Global Company 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.

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