S&P Global Inc. $SPGI Shares Acquired by Midwest Trust Co

Midwest Trust Co boosted its holdings in S&P Global Inc. (NYSE:SPGIFree Report) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,811 shares of the business services provider’s stock after purchasing an additional 1,657 shares during the quarter. Midwest Trust Co’s holdings in S&P Global were worth $7,695,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Emerald Advisers LLC raised its holdings in shares of S&P Global by 2.0% in the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after buying an additional 18 shares during the last quarter. Fullcircle Wealth LLC raised its stake in S&P Global by 1.0% during the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after acquiring an additional 18 shares during the last quarter. Summitry LLC lifted its position in S&P Global by 2.1% during the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after acquiring an additional 18 shares during the period. Hamilton Capital LLC grew its stake in shares of S&P Global by 4.5% in the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 18 shares during the last quarter. Finally, Sand Hill Global Advisors LLC increased its holdings in shares of S&P Global by 3.1% in the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 19 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Stifel Nicolaus lowered their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Morgan Stanley increased their price target on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Finally, The Goldman Sachs Group dropped their target price on S&P Global from $638.00 to $555.00 and set a “buy” rating on the stock in a research report on Monday. One analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $609.57.

Read Our Latest Stock Report on S&P Global

S&P Global Stock Down 9.6%

SPGI stock opened at $401.68 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $513.30 and its 200 day moving average price is $513.90. S&P Global Inc. has a 52 week low of $395.88 and a 52 week high of $579.05. The company has a market cap of $121.63 billion, a P/E ratio of 29.21, a P/E/G ratio of 1.89 and a beta of 1.20.

S&P Global (NYSE:SPGIGet Free Report) last issued its earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business posted $3.77 earnings per share. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 1.0%. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

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About S&P Global

(Free Report)

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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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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