Fifth Third Bancorp Increases Stock Holdings in S&P Global Inc. $SPGI

Fifth Third Bancorp increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 53.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 166,363 shares of the business services provider’s stock after purchasing an additional 58,044 shares during the quarter. Fifth Third Bancorp’s holdings in S&P Global were worth $70,761,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Joseph Group Capital Management purchased a new position in S&P Global during the fourth quarter worth $29,000. North Star Investment Management Corp. raised its stake in shares of S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 35 shares during the period. Palladiem LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at $36,000. Palisade Asset Management LLC bought a new stake in shares of S&P Global in the 3rd quarter worth about $36,000. Finally, Swiss RE Ltd. bought a new stake in shares of S&P Global in the 4th quarter worth about $39,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.1%

Shares of SPGI opened at $430.15 on Monday. The firm has a fifty day moving average price of $419.31 and a 200-day moving average price of $447.58. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $127.32 billion, a P/E ratio of 27.22, a P/E/G ratio of 1.77 and a beta of 1.08. 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 posted 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. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm posted $4.37 EPS. The firm’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. Equities research analysts expect that S&P Global Inc. will post 19.59 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio is currently 24.56%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Bank of America dropped their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company reduced their price objective on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $550.00 to $535.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Daiwa Securities Group dropped their target price on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Seventeen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $532.00.

Insider Transactions at S&P Global

In related news, Director Robert Edward Jr. Moritz bought 1,152 shares of S&P Global stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the transaction, the director owned 1,152 shares in the company, valued at $500,002.56. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Catherine R. Clay purchased 2,500 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were bought 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 of the company’s stock, valued at approximately $1,078,475. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is currently owned by company insiders.

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.