Commerce Bank Has $10.09 Million Holdings in S&P Global Inc. $SPGI

Commerce Bank lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,783 shares of the business services provider’s stock after selling 1,513 shares during the period. Commerce Bank’s holdings in S&P Global were worth $10,093,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SPGI. Joseph Group Capital Management acquired a new stake in S&P Global during the 4th quarter worth about $29,000. North Star Investment Management Corp. raised its position 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 worth $32,000 after acquiring an additional 35 shares in the last quarter. Palladiem LLC acquired a new position in shares of S&P Global in the 4th quarter valued at about $36,000. Palisade Asset Management LLC acquired a new position in shares of S&P Global in the 3rd quarter valued at about $36,000. Finally, Swiss RE Ltd. acquired a new position in shares of S&P Global in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $431.10 on Monday. 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 stock has a 50-day moving average of $422.87 and a 200-day moving average of $424.74. The company has a market cap of $127.09 billion, a PE ratio of 26.32, a P/E/G ratio of 1.94 and a beta of 1.07. S&P Global Inc. has a one year low of $381.61 and a one year high of $559.44.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company posted $4.43 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 17.500-17.750 EPS. On average, equities research analysts predict that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued 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 payout ratio is currently 23.69%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup raised their target price on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Barclays dropped their price target on S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock 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 reduced their price objective on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Finally, Robert W. Baird lowered 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. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

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.