Central Bank & Trust Co. Sells 391 Shares of S&P Global Inc. $SPGI

Central Bank & Trust Co. lessened its stake in S&P Global Inc. (NYSE:SPGI) by 2.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,650 shares of the business services provider’s stock after selling 391 shares during the period. S&P Global comprises 1.4% of Central Bank & Trust Co.’s investment portfolio, making the stock its 17th biggest position. Central Bank & Trust Co.’s holdings in S&P Global were worth $8,779,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Byrne Asset Management LLC raised its position in S&P Global by 14.1% in the 2nd quarter. Byrne Asset Management LLC now owns 746 shares of the business services provider’s stock worth $393,000 after purchasing an additional 92 shares during the last quarter. Bowman & Co S.C. raised its position in S&P Global by 3.1% in the 2nd quarter. Bowman & Co S.C. now owns 2,897 shares of the business services provider’s stock worth $1,534,000 after purchasing an additional 86 shares during the last quarter. High Probability Advisors LLC bought a new position in S&P Global in the 2nd quarter worth approximately $221,000. Czech National Bank grew its holdings in S&P Global by 6.1% during the 2nd quarter. Czech National Bank now owns 76,728 shares of the business services provider’s stock worth $40,458,000 after acquiring an additional 4,378 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in S&P Global by 62.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 20,579 shares of the business services provider’s stock worth $10,851,000 after acquiring an additional 7,933 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on SPGI. Oppenheimer lifted their target price on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $615.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Citigroup lifted their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday. Finally, UBS Group lifted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $614.38.

S&P Global Price Performance

Shares of SPGI stock opened at $543.51 on Tuesday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The firm has a market capitalization of $165.93 billion, a price-to-earnings ratio of 41.81, a price-to-earnings-growth ratio of 2.91 and a beta of 1.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $543.18 and a 200-day moving average of $515.09.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were paid a $0.96 dividend. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. S&P Global’s dividend payout ratio is presently 29.54%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.