Commerce Bank Sells 1,513 Shares of S&P Global Inc. $SPGI

Commerce Bank decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,783 shares of the business services provider’s stock after selling 1,513 shares during the period. Commerce Bank’s holdings in S&P Global were worth $10,093,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SPGI. Rehmann Capital Advisory Group increased its position in shares of S&P Global by 1.2% during the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock worth $937,000 after acquiring an additional 22 shares in the last quarter. Washington Trust Bank raised its holdings in shares of S&P Global by 1.2% in the 4th quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock worth $987,000 after acquiring an additional 23 shares during the last quarter. Hibernia Wealth Partners LLC lifted its position in S&P Global by 3.3% in the 1st quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 24 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in S&P Global by 1.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock valued at $795,000 after acquiring an additional 25 shares in the last quarter. Finally, Chapin Davis Inc. boosted its stake in S&P Global by 1.9% during the 4th quarter. Chapin Davis Inc. now owns 1,389 shares of the business services provider’s stock valued at $726,000 after purchasing an additional 26 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. BMO Capital Markets raised their price objective on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Zacks Research downgraded shares of S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. UBS Group lowered their target price on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Finally, Citigroup raised their price target on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Stock Performance

SPGI stock opened at $431.10 on Monday. The firm has a market cap of $127.09 billion, a PE ratio of 26.32, a P/E/G ratio of 1.94 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 business has a 50 day moving average of $422.87 and a 200-day moving average of $424.74. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $559.44.

S&P Global (NYSE:SPGI) last issued 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 the consensus estimate 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 was up 10.4% on a year-over-year basis. During the same period last year, the business posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, sell-side analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

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