St. Louis Trust Co Takes Position in S&P Global Inc. $SPGI

St. Louis Trust Co acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,874 shares of the business services provider’s stock, valued at approximately $979,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. YANKCOM Partnership boosted its stake in shares of S&P Global by 7.9% in the fourth quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 19 shares during the period. LeConte Wealth Management LLC boosted its stake in shares of S&P Global by 4.1% in the fourth quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 20 shares during the period. Elwood & Goetz Wealth Advisory Group LLC boosted its stake in shares of S&P Global by 3.3% in the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 20 shares during the period. Steigerwald Gordon & Koch Inc. boosted its stake in shares of S&P Global by 15.6% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 20 shares during the period. Finally, Centerpoint Advisors LLC boosted its stake in shares of S&P Global by 2.5% in the third quarter. Centerpoint Advisors LLC now owns 859 shares of the business services provider’s stock valued at $418,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.7%

Shares of S&P Global stock opened at $418.58 on Friday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a 50 day moving average of $425.23 and a 200 day moving average of $466.77. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $123.90 billion, a P/E ratio of 26.49, a P/E/G ratio of 1.78 and a beta of 1.11.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) 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 company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $4.37 earnings per share. The firm’s quarterly 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 forecast that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is presently 24.56%.

Insiders Place Their Bets

In related news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares in the company, valued at $500,002.56. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Catherine R. Clay acquired 2,500 shares of the business’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the acquisition, the chief executive officer owned 2,500 shares of the company’s stock, valued at $1,078,475. This represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on SPGI shares. UBS Group decreased their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Rothschild & Co Redburn decreased their price target on shares of S&P Global from $585.00 to $540.00 in a research note on Thursday, May 7th. Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Daiwa Securities Group decreased their price target on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Royal Bank Of Canada decreased their price target on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Seventeen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $546.39.

About S&P Global

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.