Bokf Na Trims Stake in S&P Global Inc. $SPGI

Key Points

• Bokf Na reduced its stake in S&P Global (SPGI) by 11.4% in Q4, selling 2,563 shares and leaving it with 19,822 shares valued at $10.359 million.
• S&P Global beat Q1 estimates with EPS $4.97 vs. $4.82 and revenue $4.17B vs. $4.08B, set FY2026 EPS guidance of 19.40–19.65, and has an average analyst target around $550.63.
• Insider buying and analyst support—the CEO and a director recently purchased shares, several brokers maintain buy/outperform ratings (price targets generally $546–$565), and massive buybacks are cited as a potential catalyst.

Bokf Na reduced its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 11.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,822 shares of the business services provider's stock after selling 2,563 shares during the quarter. Bokf Na's holdings in S&P Global were worth $10,359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Joseph Group Capital Management bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $29,000. J.Safra Asset Management Corp bought a new position in S&P Global in the third quarter worth approximately $29,000. North Star Investment Management Corp. grew its stake in S&P Global by 134.6% in 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 in the last quarter. Palisade Asset Management LLC bought a new position in S&P Global in the third quarter worth approximately $36,000. Finally, Ameriflex Group Inc. grew its stake in S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider's stock worth $37,000 after purchasing an additional 48 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting S&P Global

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Q1 beat and buyback narrative — S&P reported stronger-than-expected Q1 EPS and revenue and commentary/coverage is highlighting "massive buybacks" as a potential catalyst to tighten supply and support EPS. Will Strong Q1 2026 EPS and Massive Buybacks Change S&P Global's (SPGI) Narrative
• Positive Sentiment: Insider buying from the CEO and a director — Filings show CEO Catherine Clay and Director Robert Moritz bought shares recently, a signaling event that can support confidence in management’s outlook. Robert Edward Jr. Moritz Acquires 1,152 Shares of S&P Global NYSE: SPGI Stock
• Positive Sentiment: Analyst lift — Mizuho nudged up its price target (to $554) and maintains an outperform stance, adding incremental analyst support to the stock. Benzinga note on Mizuho price target
• Positive Sentiment: Industry tailwinds — Zacks highlights secular growth in securities & exchanges (higher trading volumes, crypto adoption, non‑trading revenue, tech investment) that also benefits S&P’s indices, data and analytics franchises. 5 Stocks to Watch From the Prospering Securities & Exchanges Industry
• Positive Sentiment: Product and index adoption — CARFAX product launches and a client’s inclusion in S&P Dow Jones Best‑in‑Class indices illustrate continued demand for S&P Global’s data/index services (incremental revenue pockets). CARFAX Launches Homegrown™ Badge FENC Included in S&P Global Dow Jones DJBIC Index
• Neutral Sentiment: Analyst commentary and conference appearance — Multiple Globe and Mail analyst roundups and a Barclays conference presentation transcript provide incremental detail but no single surprise that would move consensus dramatically. Barclays conference transcript Analysts Offer Insights on Financial Companies
• Neutral Sentiment: S&P Ratings activity — S&P Global Ratings moved a municipality’s outlook to negative (an operational ratings action), underscoring business-as-usual rating activity but not directly altering corporate-level fundamentals. S&P Global Ratings Revised MuniFin Outlook
• Negative Sentiment: Sector and technical pressure — market commentary points to an "AI panic" and rotation that has put multiple financials on sale; SPGI is also trading beneath its 50‑day moving average, which can amplify short-term selling. AI Panic Hits Wall Street

S&P Global Stock Performance

Shares of SPGI stock opened at $423.29 on Thursday. The firm has a market cap of $125.29 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.81 and a beta of 1.11. The company's 50 day moving average is $430.89 and its 200 day moving average is $472.47. 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 Inc. has a 52-week low of $381.61 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 30.37% and a return on equity of 17.26%. S&P Global's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $4.37 earnings per share. 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 19.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the business's stock in a transaction on Thursday, April 30th. The shares were acquired at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares of the company's stock, valued at $500,002.56. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Martina Cheung purchased 2,322 shares of the business's stock in a transaction on Wednesday, April 29th. The stock was purchased at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the completion of the acquisition, 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. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on SPGI. Robert W. Baird set a $546.00 price objective on S&P Global in a research note on Wednesday, February 11th. Evercore dropped their price objective on S&P Global from $625.00 to $560.00 and set an "outperform" rating on the stock in a research note on Thursday, April 16th. Barclays reissued an "overweight" rating and issued a $565.00 price objective on shares of S&P Global in a research note on Monday, February 23rd. The Goldman Sachs Group reissued a "buy" rating on shares of S&P Global in a research note on Tuesday, April 28th. Finally, Wells Fargo & Company dropped their price objective on S&P Global from $530.00 to $525.00 and set an "overweight" rating on the stock in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, S&P Global currently has an average rating of "Buy" and an average target price of $550.63.

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.

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