Glenview Trust Co Purchases Shares of 14,048 S&P Global Inc. $SPGI

Glenview Trust Co purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 14,048 shares of the business services provider’s stock, valued at approximately $5,721,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of S&P Global by 1.1% in the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock valued at $7,451,971,000 after acquiring an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. grew its holdings in shares of S&P Global by 5.4% during the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after purchasing an additional 600,440 shares in the last quarter. Morgan Stanley increased its position in shares of S&P Global by 3.3% in the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after purchasing an additional 263,051 shares during the last quarter. Norges Bank bought a new position in shares of S&P Global in the fourth quarter worth approximately $2,398,991,000. Finally, Capital International Investors raised its stake in S&P Global by 43.6% in the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock valued at $1,587,910,000 after purchasing an additional 922,433 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.2%

Shares of NYSE SPGI opened at $435.73 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25. The firm’s fifty day moving average is $423.94 and its 200 day moving average is $424.16. The company has a market cap of $128.45 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.96 and a beta of 1.07.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is 23.69%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPGI. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research report on Saturday, July 4th. Bank of America decreased their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Barclays lowered their price objective on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. BMO Capital Markets lifted their price objective on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Finally, Morgan Stanley cut their target price on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

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.