Covington Investment Advisors Inc. Has $13.88 Million Stock Holdings in S&P Global Inc. $SPGI

Covington Investment Advisors Inc. increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,091 shares of the business services provider’s stock after buying an additional 3,019 shares during the quarter. S&P Global accounts for approximately 1.8% of Covington Investment Advisors Inc.’s holdings, making the stock its 19th biggest position. Covington Investment Advisors Inc.’s holdings in S&P Global were worth $13,884,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Joseph Group Capital Management purchased a new position in S&P Global during the 4th quarter valued at about $29,000. North Star Investment Management Corp. increased its holdings in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC purchased a new stake in shares of S&P Global in the fourth quarter worth approximately $36,000. Palisade Asset Management LLC purchased a new stake in shares of S&P Global in the third quarter worth approximately $36,000. Finally, Swiss RE Ltd. acquired a new stake in shares of S&P Global during the fourth quarter worth approximately $39,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Down 0.0%

Shares of NYSE SPGI opened at $431.10 on Monday. The stock has a market cap of $127.09 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.94 and a beta of 1.07. The business has a 50 day simple moving average of $422.87 and a 200 day simple moving average of $424.74. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $559.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, research analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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 paid a dividend of $0.97 per share. 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 23.69%.

Analyst Ratings Changes

SPGI has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered their price objective on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Daiwa Securities Group decreased their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. BMO Capital Markets boosted their price target on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Finally, UBS Group dropped their price target on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $523.59.

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.