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

Equitable Trust Co. trimmed its position in S&P Global Inc. (NYSE:SPGI) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,906 shares of the business services provider’s stock after selling 1,303 shares during the period. Equitable Trust Co.’s holdings in S&P Global were worth $8,892,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SPGI. Vanguard Group Inc. boosted its holdings in shares of S&P Global by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after acquiring an additional 117,728 shares in the last quarter. State Street Corp raised its holdings in S&P Global by 1.1% during the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after purchasing an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. raised its holdings in S&P Global by 5.4% during the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock worth $6,161,498,000 after purchasing an additional 600,440 shares in the last quarter. Morgan Stanley lifted its position in S&P Global by 3.3% in the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock valued at $4,354,796,000 after purchasing an additional 263,051 shares during the period. Finally, Wellington Management Group LLP lifted its position in S&P Global by 4.6% in the third quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock valued at $3,033,003,000 after purchasing an additional 274,285 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI stock opened at $432.63 on Friday. The firm has a 50 day moving average of $419.38 and a 200-day moving average of $448.23. The company has a market cap of $128.06 billion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.84 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the firm posted $4.37 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. 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 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio is 24.56%.

Analysts Set New Price Targets

Several equities analysts have issued reports on SPGI shares. Barclays dropped their target price on S&P Global from $565.00 to $555.00 and set an “overweight” rating on the stock in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a report on Monday. Wells Fargo & Company decreased their price target on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Rothschild & Co Redburn dropped their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Finally, Morgan Stanley cut their price objective on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday. Seventeen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $533.47.

Insider Buying and Selling at S&P Global

In other news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was acquired at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the transaction, the director directly owned 1,152 shares in the company, valued at $500,002.56. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Catherine R. Clay purchased 2,500 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the purchase, the chief executive officer directly owned 2,500 shares in the company, valued at approximately $1,078,475. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 5,974 shares of company stock valued at $2,576,775. Insiders own 0.03% of the company’s stock.

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.