Community Trust & Investment Co. Grows Position in S&P Global Inc. $SPGI

Community Trust & Investment Co. raised its stake in S&P Global Inc. (NYSE:SPGI) by 5.4% in the second quarter, HoldingsChannel.com reports. The fund owned 40,231 shares of the business services provider’s stock after purchasing an additional 2,052 shares during the quarter. Community Trust & Investment Co.’s holdings in S&P Global were worth $16,384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SPGI. Joseph Group Capital Management acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $29,000. North Star Investment Management Corp. boosted its position in S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after acquiring an additional 35 shares during the last quarter. Palladiem LLC acquired a new stake in S&P Global during the fourth quarter worth approximately $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global in the 3rd quarter worth approximately $36,000. Finally, Swiss RE Ltd. purchased a new stake in S&P Global in the 4th quarter worth approximately $39,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on SPGI. Rothschild & Co Redburn reduced their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Daiwa Securities Group lowered their price objective on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Royal Bank Of Canada reduced their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Robert W. Baird decreased their price target on S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lowered their price target on S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Price Performance

S&P Global stock opened at $408.06 on Friday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The firm has a market capitalization of $120.30 billion, a P/E ratio of 24.91, a PEG ratio of 1.83 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The firm has a fifty day moving average of $423.21 and a 200-day moving average of $433.33.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the firm posted $4.43 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, analysts predict that S&P Global Inc. will post 17.74 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio is currently 23.69%.

About S&P Global

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.