S&P Global Inc. $SPGI Shares Acquired by Rockland Trust Co.

Rockland Trust Co. increased its stake in S&P Global Inc. (NYSE:SPGI) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,706 shares of the business services provider’s stock after purchasing an additional 2,531 shares during the period. Rockland Trust Co.’s holdings in S&P Global were worth $22,763,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SPGI. Dorsey Asset Management LLC acquired a new position in S&P Global in the first quarter valued at about $94,716,000. Capital International Inc. CA raised its position in shares of S&P Global by 11.6% in the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after acquiring an additional 7,343 shares during the period. NewEdge Advisors LLC raised its holdings in S&P Global by 17.9% in the first quarter. NewEdge Advisors LLC now owns 20,005 shares of the business services provider’s stock worth $8,509,000 after purchasing an additional 3,038 shares during the period. Principal Financial Group Inc. lifted its holdings in S&P Global by 12.9% during the second quarter. Principal Financial Group Inc. now owns 572,659 shares of the business services provider’s stock worth $233,228,000 after acquiring an additional 65,529 shares in the last quarter. Finally, PYA Waltman Capital LLC increased its holdings in shares of S&P Global by 10.7% in the second quarter. PYA Waltman Capital LLC now owns 33,172 shares of the business services provider’s stock worth $13,510,000 after acquiring an additional 3,203 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SPGI shares. The Goldman Sachs Group reduced their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. UBS Group reduced their target price on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Citigroup increased their target price on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Bank of America reduced their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Finally, Robert W. Baird set a $513.00 target price on S&P Global in a research report on Wednesday, September 2nd. Eighteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $522.24.

S&P Global Stock Performance

Shares of SPGI traded up $2.18 during midday trading on Monday, reaching $388.45. The stock had a trading volume of 711,495 shares, compared to its average volume of 2,229,564. The firm has a market cap of $114.52 billion, a PE ratio of 23.71, a P/E/G ratio of 1.86 and a beta of 1.09. The firm has a 50 day simple moving average of $417.55 and a 200-day simple moving average of $422.22. S&P Global Inc. has a one year low of $381.61 and a one year high of $552.25. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, November 25th. This represents a $3.88 annualized dividend and a yield of 1.0%. S&P Global’s dividend payout ratio (DPR) is presently 23.69%.

S&P Global Company Profile

S&P Global Inc (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. The company serves financial institutions, corporations, governments and other organizations by helping them assess credit risk, evaluate markets, manage portfolios, analyze supply chains and make business decisions.

Its principal businesses include S&P Global Ratings, which provides credit ratings, research and related analytical services; S&P Global Market Intelligence, which delivers financial and industry data, research and workflow solutions; and S&P Global Commodity Insights, which supplies pricing information, market analysis and intelligence for energy and commodities markets.