M&T Bank Corp Has $20.35 Million Stock Holdings in S&P Global Inc. $SPGI

Key Points

• M&T Bank boosted its stake in S&P Global by 6.9% to 38,940 shares, valued at about $20.35 million, while institutional investors own roughly 87.17% of the stock.
• Insiders have been buying recently—total insider purchases of 5,974 shares valued at about $2.58 million in the last 90 days (including buys by Director Robert Moritz Jr. and CEO Catherine R. Clay).
• S&P Global beat quarterly expectations (EPS $4.97 vs $4.82; revenue $4.17B, up 10.4% year-over-year), provided FY2026 EPS guidance of 19.400–19.650, and holds a consensus analyst rating of Buy with a $550.44 target.

M&T Bank Corp grew its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 38,940 shares of the business services provider's stock after acquiring an additional 2,498 shares during the quarter. M&T Bank Corp's holdings in S&P Global were worth $20,350,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. J.Safra Asset Management Corp acquired a new position in shares of S&P Global in the 3rd quarter valued at approximately $29,000. Palisade Asset Management LLC acquired a new stake in shares of S&P Global during the 3rd quarter worth approximately $36,000. Ameriflex Group Inc. increased 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 valued at $37,000 after acquiring an additional 48 shares during the last quarter. Headlands Technologies LLC bought a new position in S&P Global in the second quarter valued at approximately $47,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in S&P Global during the fourth quarter valued at approximately $49,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert Edward Jr. Moritz purchased 1,152 shares of S&P Global stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares in the company, valued at approximately $500,002.56. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction dated Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 5,974 shares of company stock valued at $2,576,775 in the last 90 days. Corporate insiders own 0.03% of the company's stock.

S&P Global Stock Performance

NYSE SPGI opened at $424.52 on Tuesday. The firm's fifty day moving average price is $430.38 and its two-hundred day moving average price is $473.23. The stock has a market cap of $125.66 billion, a PE ratio of 26.87, a PEG ratio of 1.82 and a beta of 1.11. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current 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 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 period in the prior year, the company earned $4.37 EPS. S&P Global'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. On average, equities analysts expect that S&P Global Inc. will post 19.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on SPGI shares. Bank of America started coverage on S&P Global in a research note on Tuesday, February 17th. They set a "buy" rating and a $575.00 target price for the company. JPMorgan Chase & Co. boosted their price target on S&P Global from $530.00 to $550.00 and gave the stock an "overweight" rating in a report on Wednesday, April 29th. BMO Capital Markets upped their price objective on S&P Global from $482.00 to $495.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 17th. Morgan Stanley raised their price objective on S&P Global from $556.00 to $557.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of S&P Global in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $550.44.

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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.