Trust Co. of Vermont Purchases 22 Shares of S&P Global Inc. $SPGI

Trust Co. of Vermont lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,161 shares of the business services provider’s stock after buying an additional 22 shares during the quarter. Trust Co. of Vermont’s holdings in S&P Global were worth $3,249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPGI. Nuveen LLC bought a new position in shares of S&P Global during the 1st quarter worth $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in S&P Global by 70.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after purchasing an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in S&P Global by 26.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after purchasing an additional 614,809 shares in the last quarter. Alliancebernstein L.P. boosted its position in S&P Global by 37.9% during the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock valued at $389,283,000 after purchasing an additional 210,373 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in S&P Global by 667.7% during the first quarter. Jones Financial Companies Lllp now owns 237,051 shares of the business services provider’s stock valued at $131,181,000 after purchasing an additional 206,174 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SPGI. UBS Group raised their price objective on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. BMO Capital Markets raised their price objective on S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Morgan Stanley raised their price objective on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Citigroup raised their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, JPMorgan Chase & Co. raised their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to data from MarketBeat.com, S&P Global presently has an average rating of “Buy” and an average price target of $614.46.

S&P Global Trading Down 1.0%

S&P Global stock opened at $486.45 on Wednesday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The stock has a market cap of $148.51 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 2.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50-day moving average of $538.44 and a two-hundred day moving average of $515.32.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the business posted $4.04 earnings per share. The company’s revenue for the quarter 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. On average, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

About S&P Global

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.