City Holding Co. Acquires 47 Shares of S&P Global Inc. $SPGI

City Holding Co. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,716 shares of the business services provider’s stock after acquiring an additional 47 shares during the period. City Holding Co.’s holdings in S&P Global were worth $1,432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stegent Equity Advisors Inc. raised its holdings in shares of S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after acquiring an additional 20 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its holdings in shares of S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after acquiring an additional 20 shares in the last quarter. Foster Group Inc. raised its holdings in shares of S&P Global by 0.9% during the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock worth $1,180,000 after acquiring an additional 20 shares in the last quarter. Integrated Investment Consultants LLC raised its holdings in shares of S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after acquiring an additional 21 shares in the last quarter. Finally, Hemington Wealth Management raised its holdings in S&P Global by 8.0% during the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock valued at $144,000 after buying an additional 21 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.6%

Shares of NYSE:SPGI opened at $487.66 on Friday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The stock has a market cap of $148.88 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 2.61 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 business has a 50-day moving average price of $539.72 and a 200-day moving average price of $515.24.

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 for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the business earned $4.04 earnings per share. S&P Global’s quarterly revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s payout ratio is 29.54%.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent research reports. BMO Capital Markets increased their price target on S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Oppenheimer upped their price objective on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Barclays upped their price objective on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Morgan Stanley upped their price objective on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, UBS Group upped their price objective on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Buy” and a consensus price target of $614.46.

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.