Independence Bank of Kentucky Raises Stock Position in S&P Global Inc. $SPGI

Independence Bank of Kentucky increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 20.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 12,506 shares of the business services provider’s stock after purchasing an additional 2,160 shares during the period. Independence Bank of Kentucky’s holdings in S&P Global were worth $5,319,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Brighton Jones LLC boosted its stake in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares during the period. Sivia Capital Partners LLC increased its position in shares of S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after purchasing an additional 75 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of S&P Global by 5.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock worth $893,511,000 after purchasing an additional 88,526 shares during the last quarter. Jump Financial LLC acquired a new position in shares of S&P Global during the second quarter worth $552,000. Finally, Main Street Financial Solutions LLC raised its stake in S&P Global by 17.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock valued at $1,694,000 after buying an additional 472 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In related news, CEO Martina Cheung purchased 2,322 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was bought at an average cost of $429.93 per share, with a total value of $998,297.46. Following the completion of the acquisition, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. The trade was a 9.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Catherine R. Clay bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was 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 $1,078,475. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 5,974 shares of company stock worth $2,576,775 in the last ninety days. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SPGI shares. JPMorgan Chase & Co. cut their target price on S&P Global from $550.00 to $535.00 and set an “overweight” rating on the stock in a research report on Wednesday. Barclays reduced their price target on shares of S&P Global from $565.00 to $555.00 and set an “overweight” rating for the company in a research report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research report on Monday. Rothschild & Co Redburn dropped their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Finally, BMO Capital Markets boosted their price objective on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday. Seventeen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $532.00.

S&P Global Trading Down 0.6%

NYSE:SPGI opened at $430.15 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a fifty day moving average price of $419.31 and a two-hundred day moving average price of $448.10. The stock has a market capitalization of $127.32 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.85 and a beta of 1.08.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping the consensus estimate of $4.82 by $0.15. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 19.59 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. Stockholders of record on Wednesday, August 26th will be given a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is currently 24.56%.

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.