3,670 S&P Global Inc. $SPGI Shares Purchased by Eastern Bank

Eastern Bank increased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,878 shares of the business services provider's stock after acquiring an additional 3,670 shares during the quarter. Eastern Bank's holdings in S&P Global were worth $23,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Rockland Trust Co. grew its position in S&P Global by 4.6% in the 3rd quarter. Rockland Trust Co. now owns 57,706 shares of the business services provider's stock worth $22,763,000 after purchasing an additional 2,531 shares during the last quarter. State Street Corp boosted its stake in S&P Global by 2.2% during the second quarter. State Street Corp now owns 14,482,789 shares of the business services provider's stock valued at $5,898,261,000 after buying an additional 307,255 shares in the last quarter. ABS Direct Equity Fund LLC bought a new stake in shares of S&P Global in the 2nd quarter worth approximately $166,000. Rench Wealth Management Inc. boosted its stake in shares of S&P Global by 5.7% during the 2nd quarter. Rench Wealth Management Inc. now owns 3,355 shares of the business services provider's stock worth $1,366,000 after acquiring an additional 180 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of S&P Global by 76.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 690,931 shares of the business services provider's stock valued at $281,388,000 after purchasing an additional 299,454 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Price Performance

Shares of S&P Global stock traded up $2.23 during midday trading on Monday, hitting $388.50. 684,455 shares of the company were exchanged, compared to its average volume of 2,229,564. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25. 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 firm has a 50 day simple moving average of $417.55 and a 200-day simple moving average of $422.22. The firm has a market cap of $114.53 billion, a P/E ratio of 23.73, a PEG ratio of 1.86 and a beta of 1.09.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.81 by $0.02. The business had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Research analysts forecast that S&P Global Inc. will post 17.75 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 Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.0%. S&P Global's dividend payout ratio (DPR) is 23.69%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SPGI shares. BMO Capital Markets lifted their price objective on shares of S&P Global from $495.00 to $505.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 7th. Wall Street Zen upgraded shares of S&P Global to a "hold" rating in a research note on Saturday, September 5th. JPMorgan Chase & Co. lowered their price objective on S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. The Goldman Sachs Group cut their target price on shares of S&P Global from $539.00 to $490.00 and set a "buy" rating for the company in a research report on Wednesday, July 1st. Finally, Robert W. Baird set a $513.00 price objective on S&P Global in a research report on Wednesday, September 2nd. Eighteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $522.24.

S&P Global Company Profile

S&P Global Inc NYSE: SPGI is a global provider of financial information, analytics, benchmarks and credit ratings. The company serves financial institutions, corporations, governments and other organizations by helping them assess credit risk, evaluate markets, manage portfolios, analyze supply chains and make business decisions.

Its principal businesses include S&P Global Ratings, which provides credit ratings, research and related analytical services; S&P Global Market Intelligence, which delivers financial and industry data, research and workflow solutions; and S&P Global Commodity Insights, which supplies pricing information, market analysis and intelligence for energy and commodities markets.

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