Trust Co. of Vermont Increases Stake in S&P Global Inc. $SPGI

Trust Co. of Vermont boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% in the 2nd quarter, Holdings Channel reports. The fund owned 6,161 shares of the business services provider’s stock after buying an additional 22 shares during the period. Trust Co. of Vermont’s holdings in S&P Global were worth $3,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of SPGI. Cheviot Value Management LLC purchased a new position in S&P Global during the first quarter valued at approximately $26,000. Costello Asset Management INC purchased a new position in S&P Global during the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global during the second quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in S&P Global during the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC raised its position in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 31 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPGI has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Wells Fargo & Company raised their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Barclays raised their price objective on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. UBS Group raised their price objective on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, Citigroup raised their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. According to MarketBeat, S&P Global currently has a consensus rating of “Buy” and an average target price of $614.46.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $486.45 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day moving average price is $538.44 and its 200-day moving average price is $515.32. The firm has a market capitalization of $148.51 billion, a PE ratio of 37.42, a P/E/G ratio of 2.63 and a beta of 1.20. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the business posted $4.04 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

About S&P Global

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.