Rockland Trust Co. Raises Position in S&P Global Inc. $SPGI

Rockland Trust Co. boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 55,175 shares of the business services provider’s stock after buying an additional 5,642 shares during the period. Rockland Trust Co.’s holdings in S&P Global were worth $22,471,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bright Rock Capital Management LLC purchased a new stake in shares of S&P Global in the 2nd quarter valued at about $9,163,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of S&P Global by 5.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,540 shares of the business services provider’s stock worth $627,000 after purchasing an additional 77 shares in the last quarter. Ebert Capital Management Inc. increased its position in shares of S&P Global by 11.2% in the second quarter. Ebert Capital Management Inc. now owns 1,726 shares of the business services provider’s stock worth $703,000 after purchasing an additional 174 shares during the last quarter. Professional Advisory Services Inc. raised its stake in S&P Global by 10.4% in the second quarter. Professional Advisory Services Inc. now owns 55,728 shares of the business services provider’s stock valued at $22,696,000 after purchasing an additional 5,228 shares in the last quarter. Finally, Community Trust & Investment Co. lifted its position in S&P Global by 5.4% during the second quarter. Community Trust & Investment Co. now owns 40,231 shares of the business services provider’s stock valued at $16,384,000 after purchasing an additional 2,052 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of S&P Global stock opened at $408.06 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50 day simple moving average is $423.21 and its two-hundred day simple moving average is $433.33. The stock has a market capitalization of $120.30 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last released 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. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the firm posted $4.43 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Analysts forecast that S&P Global Inc. will post 17.74 EPS for the current year.

S&P Global Announces Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 1.0%. S&P Global’s dividend payout ratio is presently 23.69%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Morgan Stanley lowered their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Daiwa Securities Group dropped their price target on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Mizuho increased their price objective on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

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.