Country Club Bank Sells 32 Shares of S&P Global Inc. $SPGI

Country Club Bank reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,206 shares of the business services provider’s stock after selling 32 shares during the period. Country Club Bank’s holdings in S&P Global were worth $624,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock valued at $15,130,711,000 after acquiring an additional 108,729 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of S&P Global by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock worth $1,618,934,000 after buying an additional 114,843 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after buying an additional 3,163,938 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of S&P Global by 26.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after acquiring an additional 614,809 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of S&P Global by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock valued at $1,403,468,000 after acquiring an additional 97,324 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SPGI. JPMorgan Chase & Co. upped their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Wells Fargo & Company upped their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Oppenheimer upped their price objective on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus price target of $614.46.

S&P Global Stock Up 0.5%

SPGI opened at $480.91 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average price of $533.31 and a 200-day moving average price of $514.78. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a market capitalization of $146.82 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 2.54 and a beta of 1.19.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the company earned $4.04 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is currently 29.54%.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.