S&P Global Inc. $SPGI Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,650 shares of the business services provider’s stock after selling 391 shares during the quarter. S&P Global comprises 1.4% of Central Bank & Trust Co.’s portfolio, making the stock its 17th largest position. Central Bank & Trust Co.’s holdings in S&P Global were worth $8,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Stegent Equity Advisors Inc. lifted its holdings in shares of S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after purchasing an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in shares of S&P Global by 0.7% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after purchasing an additional 20 shares in the last quarter. Integrated Investment Consultants LLC lifted its holdings in shares of S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after purchasing an additional 21 shares in the last quarter. Hemington Wealth Management lifted its holdings in shares of S&P Global by 8.0% in the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 21 shares in the last quarter. Finally, Retirement Planning Group LLC lifted its holdings in shares of S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock valued at $2,870,000 after purchasing an additional 22 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 0.1%

Shares of NYSE:SPGI opened at $543.51 on Tuesday. The company has a market cap of $165.93 billion, a P/E ratio of 41.81, a P/E/G ratio of 2.91 and a beta of 1.20. The stock’s 50-day moving average is $543.18 and its 200-day moving average is $515.09. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the business posted $4.04 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 26th. S&P Global’s payout ratio is presently 29.54%.

Analyst Ratings Changes

SPGI has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Citigroup increased their price objective on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday. UBS Group increased their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Oppenheimer increased their price objective on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, Barclays increased their price objective on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $614.38.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.