Penobscot Investment Management Company Inc. Lowers Position in S&P Global Inc. $SPGI

Penobscot Investment Management Company Inc. lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 25.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,824 shares of the business services provider’s stock after selling 4,632 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in S&P Global were worth $5,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Joseph Group Capital Management purchased a new stake in shares of S&P Global in the fourth quarter valued at approximately $29,000. North Star Investment Management Corp. raised its position in S&P Global by 134.6% in the fourth 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 stake in S&P Global in the fourth quarter valued at $36,000. Palisade Asset Management LLC acquired a new stake in S&P Global in the third quarter valued at $36,000. Finally, Ameriflex Group Inc. boosted its position in shares of S&P Global by 171.4% during the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock worth $37,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Key Headlines Impacting S&P Global

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: BMO Capital Markets raised its price target to $505 and reiterated an outperform rating, signaling continued confidence in S&P Global’s earnings power and long-term growth. S&P Global (NYSE:SPGI) Stock Price Expected to Rise, BMO Capital Markets Analyst Says
• Positive Sentiment: UBS, Morgan Stanley, Barclays, and RBC all kept bullish ratings on SPGI despite trimming price targets, which suggests analysts still see upside from current levels. UBS Group Cuts S&P Global (NYSE:SPGI) Price Target to $525.00
• Positive Sentiment: S&P Global completed the spin-off of its Mobility unit and is reworking Market Intelligence, a move that could sharpen the company’s focus on core, higher-margin data and analytics businesses. S&P Global (SPGI) Completes Mobility Spin Off And Reworks Market Intelligence
• Positive Sentiment: The company said its new Market Intelligence operating model is designed to accelerate AI-driven products and workflows, which may support longer-term growth and efficiency. S&P Global Evolves Market Intelligence Operating Model to Accelerate Agentic Solutions, Platform Capabilities and Innovation; Announces Executive Leadership Changes
• Neutral Sentiment: S&P Global scheduled its second-quarter earnings release for July 28, giving investors a near-term catalyst for updated guidance and commentary. S&P Global Schedules Second Quarter 2026 Earnings Announcement and Conference Call for Tuesday, July 28, 2026
• Neutral Sentiment: Jefferies highlighted quality, low-stress stocks in a more volatile market, a backdrop that can support defensive names like S&P Global, though the note was not specifically about the company. Buy these quality, low-stress stocks for the summer, says Jefferies
• Negative Sentiment: Several firms cut their price targets after the Mobility spin-off, including RBC, UBS, Morgan Stanley, and Barclays, which may be weighing on sentiment despite unchanged positive ratings. Analyst price target updates for S&P Global (SPGI)

S&P Global Stock Performance

Shares of SPGI opened at $443.32 on Wednesday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The stock has a market cap of $131.22 billion, a P/E ratio of 28.06, a PEG ratio of 1.91 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $419.53 and a two-hundred day moving average of $449.32.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the company posted $4.37 EPS. The company’s revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, research analysts predict that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio is currently 24.56%.

Analysts Set New Price Targets

SPGI has been the subject of a number of research analyst reports. Mizuho increased their price target on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Morgan Stanley lowered their target price on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday. Evercore dropped their target price on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, UBS Group lowered their price target on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Tuesday. Seventeen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $534.35.

Insider Activity at S&P Global

In related news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the transaction, the director owned 1,152 shares in the company, valued at $500,002.56. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Catherine R. Clay bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the purchase, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 5,974 shares of company stock valued at $2,576,775 over the last quarter. Insiders own 0.03% of the company’s stock.

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.