S&P Global Inc. $SPGI Shares Bought by Fulton Bank N.A.

Fulton Bank N.A. raised its stake in S&P Global Inc. (NYSE:SPGI) by 11.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,128 shares of the business services provider’s stock after acquiring an additional 115 shares during the period. Fulton Bank N.A.’s holdings in S&P Global were worth $595,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. NorthCrest Asset Manangement LLC boosted its stake in S&P Global by 39.4% in the second quarter. NorthCrest Asset Manangement LLC now owns 3,061 shares of the business services provider’s stock valued at $1,621,000 after acquiring an additional 865 shares during the period. Community Trust & Investment Co. boosted its stake in S&P Global by 3.2% in the second quarter. Community Trust & Investment Co. now owns 27,642 shares of the business services provider’s stock valued at $14,575,000 after acquiring an additional 870 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in S&P Global by 4.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 90,729 shares of the business services provider’s stock valued at $48,051,000 after acquiring an additional 3,935 shares during the period. Atticus Wealth Management LLC boosted its stake in S&P Global by 111.7% in the second quarter. Atticus Wealth Management LLC now owns 326 shares of the business services provider’s stock valued at $172,000 after acquiring an additional 172 shares during the period. Finally, Wedmont Private Capital boosted its stake in S&P Global by 5.1% in the second quarter. Wedmont Private Capital now owns 5,002 shares of the business services provider’s stock valued at $2,645,000 after acquiring an additional 244 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPGI has been the topic of a number of recent analyst reports. Barclays lifted their price target on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Oppenheimer upped their price target on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. BMO Capital Markets lifted their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Finally, UBS Group lifted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and an average price target of $614.46.

S&P Global Stock Down 0.1%

S&P Global stock opened at $507.21 on Friday. The firm has a market cap of $154.85 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 2.72 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm has a fifty day moving average price of $542.96 and a two-hundred day moving average price of $515.26.

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

S&P Global Announces Dividend

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

S&P Global Company 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.