Midwest Trust Co Sells 3,620 Shares of S&P Global Inc. $SPGI

Midwest Trust Co lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 49.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,685 shares of the business services provider’s stock after selling 3,620 shares during the period. Midwest Trust Co’s holdings in S&P Global were worth $1,501,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SPGI. Joseph Group Capital Management purchased a new stake in shares of S&P Global in the 4th quarter valued at about $29,000. North Star Investment Management Corp. boosted its position in shares of S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 35 shares during the last quarter. Palladiem LLC bought a new stake in shares of S&P Global during the 4th quarter valued at about $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global during the third quarter worth about $36,000. Finally, Swiss RE Ltd. purchased a new position in shares of S&P Global during the fourth quarter worth about $39,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SPGI. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Jefferies Financial Group boosted their price target on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Stifel Nicolaus boosted their price target on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Mizuho increased their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, 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. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Price Performance

SPGI opened at $418.15 on Friday. The stock has a 50-day moving average price of $422.53 and a 200-day moving average price of $429.14. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $565.28. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $123.27 billion, a P/E ratio of 25.53, a PEG ratio of 1.88 and a beta of 1.07.

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

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 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.