Community Trust & Investment Co. Purchases 8,022 Shares of S&P Global Inc. $SPGI

Community Trust & Investment Co. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 27.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,939 shares of the business services provider’s stock after acquiring an additional 8,022 shares during the period. Community Trust & Investment Co.’s holdings in S&P Global were worth $19,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SPGI. Norges Bank acquired a new stake in shares of S&P Global in the 2nd quarter valued at $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of S&P Global by 3,430.6% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after buying an additional 1,510,540 shares in the last quarter. TCI Fund Management Ltd. raised its holdings in shares of S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after buying an additional 730,354 shares in the last quarter. Mizuho Markets Americas LLC grew its position in S&P Global by 104,031.3% in the third quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after acquiring an additional 595,059 shares during the last quarter. Finally, Credit Agricole S A acquired a new position in S&P Global during the third quarter worth about $180,503,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI stock opened at $428.53 on Tuesday. The company has a fifty day moving average price of $460.86 and a 200-day moving average price of $488.38. The company has a market capitalization of $128.05 billion, a P/E ratio of 29.25, a PEG ratio of 1.88 and a beta of 1.23. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.S&P Global’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date was Wednesday, February 25th. S&P Global’s dividend payout ratio is currently 26.48%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SPGI. Bank of America began coverage on shares of S&P Global in a research report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price on the stock. The Goldman Sachs Group set a $498.00 price target on shares of S&P Global in a report on Wednesday, February 11th. BMO Capital Markets raised their price objective on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Robert W. Baird set a $546.00 price objective on S&P Global in a research report on Wednesday, February 11th. Finally, Mizuho lowered their target price on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $563.53.

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.