Community Trust & Investment Co. Increases Stock Position in S&P Global Inc. $SPGI

Community Trust & Investment Co. grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,231 shares of the business services provider’s stock after purchasing an additional 2,052 shares during the period. Community Trust & Investment Co.’s holdings in S&P Global were worth $16,384,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Joseph Group Capital Management acquired a new position in S&P Global during the fourth quarter worth $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 worth $32,000 after purchasing an additional 35 shares in the last quarter. Palladiem LLC purchased a new stake in shares of S&P Global during the 4th quarter worth $36,000. Palisade Asset Management LLC acquired a new position in shares of S&P Global during the 3rd quarter worth $36,000. Finally, Swiss RE Ltd. acquired a new position in shares of S&P Global during the 4th quarter worth $39,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Up 0.7%

Shares of SPGI stock opened at $408.06 on Friday. The stock has a market cap of $120.30 billion, a P/E ratio of 24.91, a P/E/G ratio of 1.83 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. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The business has a fifty day simple moving average of $423.21 and a 200-day simple moving average of $433.33.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, analysts forecast that S&P Global Inc. will post 17.74 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 issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is 23.69%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SPGI shares. The Goldman Sachs Group reduced their price objective on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Zacks Research cut shares of S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Wells Fargo & Company reduced their price target on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Finally, Morgan Stanley decreased their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Eighteen investment 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, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Profile

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.