Truist Financial Corp Has $44 Million Stock Position in S&P Global Inc. $SPGI

Key Points

• Truist Financial Corp trimmed its stake in S&P Global by 4.5% during Q4, selling 3,946 shares and leaving it with 84,186 shares worth $43,995,000 as of the latest SEC filing.
• Insider buying: CEO Catherine R. Clay purchased 2,500 shares at about $431.39 and director Robert Moritz bought 1,152 shares at roughly $434.03, part of insiders buying 5,974 shares (~$2.58M) over the past three months.
• Analyst sentiment remains positive with a consensus "Buy" rating and an average price target around $550.63, alongside recent target increases from several firms (e.g., JPMorgan, Morgan Stanley, Barclays).

Truist Financial Corp lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,186 shares of the business services provider's stock after selling 3,946 shares during the quarter. Truist Financial Corp's holdings in S&P Global were worth $43,995,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sun Financial Inc acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $1,173,000. Avidian Wealth Enterprises LLC boosted its stake in S&P Global by 12.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 615 shares of the business services provider's stock worth $321,000 after acquiring an additional 69 shares during the last quarter. Core Alternative Capital boosted its stake in S&P Global by 4,362.5% during the 4th quarter. Core Alternative Capital now owns 357 shares of the business services provider's stock worth $187,000 after acquiring an additional 349 shares during the last quarter. Oak Harbor Wealth Partners LLC boosted its stake in S&P Global by 10.9% during the 4th quarter. Oak Harbor Wealth Partners LLC now owns 1,688 shares of the business services provider's stock worth $882,000 after acquiring an additional 166 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in S&P Global by 0.9% during the 4th quarter. Pittenger & Anderson Inc. now owns 52,265 shares of the business services provider's stock worth $27,313,000 after acquiring an additional 485 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Insider Buying and Selling

In other news, CEO Catherine R. Clay bought 2,500 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the acquisition, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average price 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 of the company's stock, valued at $500,002.56. The trade was a ∞ 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 worth $2,576,775. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

SPGI has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $530.00 to $550.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. UBS Group reduced their price objective on shares of S&P Global from $620.00 to $550.00 and set a "buy" rating on the stock in a research note on Tuesday, February 17th. Barclays reissued an "overweight" rating and set a $565.00 price objective on shares of S&P Global in a research note on Monday, February 23rd. Morgan Stanley lifted their price target on shares of 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, Weiss Ratings lowered shares of S&P Global from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $550.63.

Key S&P Global News

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

• Positive Sentiment: Insider buying: CEO Catherine R. Clay purchased 2,500 shares at about $431.39, a high-profile insider purchase that signals management confidence. CEO Catherine Clay Buys 2,500 Shares
• Positive Sentiment: Director purchase: Director Robert Edward Jr. Moritz acquired 1,152 shares at roughly $434.03, reinforcing insider accumulation. Insider buys often support investor sentiment. Director Robert Moritz Acquires Shares
• Positive Sentiment: Analyst lift: Mizuho raised its price target to $554 and reiterated an "outperform" view, adding analyst support for upside versus current levels. Mizuho Raises SPGI Price Target
• Neutral Sentiment: Management outreach: S&P Global presented at Barclays’ Americas Select Conference (transcript available) — useful for incremental detail on strategy and growth but no new guidance. Barclays Conference Transcript
• Neutral Sentiment: Ratings arm activity: S&P Global Ratings revised Municipality Finance Plc’s outlook to negative (rating remains AA+). This is a ratings action for a separate issuer and does not change SPGI’s corporate profile, but highlights ongoing ratings activity. Ratings Outlook Change for MuniFin
• Negative Sentiment: Sector/market pressure: broader “AI panic” and risk-off flows have weighed on financial and information-service names today, creating downward pressure despite company-specific positives. That macro/technical stress is the likeliest driver of the intraday decline. AI Panic Hits Wall Street

S&P Global Price Performance

NYSE SPGI opened at $423.87 on Wednesday. The company has a market capitalization of $125.46 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The firm's 50 day moving average is $430.51 and its 200-day moving average is $472.82. 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 - Get Free Report) last issued 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 business had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.37 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts anticipate that S&P Global Inc. will post 19.58 earnings per share for the current fiscal year.

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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