Rep. Robert Bresnahan, Jr. Buys Shares of S&P Global Inc. (NYSE:SPGI)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of S&P Global Inc. NYSE: SPGI. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in S&P Global stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

S&P Global Stock Performance

SPGI stock traded up $1.08 during mid-day trading on Tuesday, hitting $519.44. 250,138 shares of the company were exchanged, compared to its average volume of 1,218,682. S&P Global Inc. has a 1-year low of $419.49 and a 1-year high of $545.39. The stock has a market capitalization of $159.31 billion, a PE ratio of 42.06, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The business has a 50 day simple moving average of $486.15 and a 200-day simple moving average of $501.79. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.01 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. S&P Global's dividend payout ratio (DPR) is 30.16%.

Institutional Trading of S&P Global

A number of institutional investors have recently bought and sold shares of SPGI. Norges Bank acquired a new position in S&P Global in the fourth quarter valued at approximately $1,725,084,000. Nuveen LLC acquired a new position in shares of S&P Global during the 1st quarter valued at $1,103,665,000. GAMMA Investing LLC boosted its stake in S&P Global by 60,982.3% during the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after acquiring an additional 2,135,599 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in S&P Global in the fourth quarter worth $527,207,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider's stock valued at $826,819,000 after purchasing an additional 670,392 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SPGI. Mizuho initiated coverage on S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. Robert W. Baird dropped their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. BMO Capital Markets raised their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Activity

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.