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

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

A number of other hedge funds have also added to or reduced their stakes in SPGI. Central Bank & Trust Co. increased its position in S&P Global by 15.2% in the 4th quarter. Central Bank & Trust Co. now owns 17,979 shares of the business services provider’s stock valued at $9,396,000 after buying an additional 2,368 shares in the last quarter. Carderock Capital Management Inc. raised its holdings in S&P Global by 14.6% during the fourth quarter. Carderock Capital Management Inc. now owns 23,241 shares of the business services provider’s stock worth $12,146,000 after buying an additional 2,963 shares during the last quarter. S.E.E.D. Planning Group LLC raised its holdings in S&P Global by 24.9% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 5,531 shares of the business services provider’s stock worth $2,890,000 after buying an additional 1,103 shares during the last quarter. Diversified Trust Co. lifted its stake in shares of S&P Global by 12.5% in the fourth quarter. Diversified Trust Co. now owns 935 shares of the business services provider’s stock valued at $489,000 after buying an additional 104 shares in the last quarter. Finally, Affinity Capital Advisors LLC grew its holdings in shares of S&P Global by 7.0% during the fourth quarter. Affinity Capital Advisors LLC now owns 613 shares of the business services provider’s stock valued at $320,000 after buying an additional 40 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SPGI has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. UBS Group decreased their price objective on S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Royal Bank Of Canada lowered their price objective on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Finally, BMO Capital Markets raised their target price on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, S&P Global currently has an average rating of “Buy” and a consensus price target of $563.53.

S&P Global Stock Performance

Shares of SPGI stock opened at $428.53 on Tuesday. The firm has a 50-day moving average of $460.86 and a 200-day moving average of $488.38. The company has a market cap of $128.05 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.88 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. 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 results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the business earned $3.77 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

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

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.