S&P Global Inc. $SPGI Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,928 shares of the business services provider’s stock after selling 1,578 shares during the quarter. Independence Bank of Kentucky’s holdings in S&P Global were worth $4,451,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SPGI. Dorsey Asset Management LLC purchased a new position in S&P Global during the 1st quarter valued at about $94,716,000. Troy Asset Management Ltd lifted its holdings in shares of S&P Global by 26.2% in the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after purchasing an additional 8,652 shares in the last quarter. Capital International Inc. CA lifted its holdings in shares of S&P Global by 11.6% in the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after purchasing an additional 7,343 shares in the last quarter. ABN Amro Investment Solutions grew its position in shares of S&P Global by 6.3% in the fourth quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock valued at $79,060,000 after purchasing an additional 8,997 shares during the last quarter. Finally, Rit Capital Partners PLC acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $44,160,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SPGI. Robert W. Baird dropped their price objective on shares of S&P Global from $521.00 to $513.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Wall Street Zen upgraded S&P Global to a “hold” rating in a report on Saturday, July 4th. Morgan Stanley lowered their target price on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $510.00 price target on shares of S&P Global in a report on Wednesday, August 26th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Stock Performance

NYSE:SPGI opened at $440.16 on Wednesday. The firm has a 50 day simple moving average of $425.94 and a 200-day simple moving average of $424.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $129.76 billion, a PE ratio of 26.87, a P/E/G ratio of 1.96 and a beta of 1.07. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (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 analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. S&P Global’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts expect that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is currently 23.69%.

S&P Global Company 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.