Community Trust & Investment Co. Has $14.58 Million Position in S&P Global Inc. $SPGI

Key Points

• Community Trust & Investment Co. increased its stake in S&P Global Inc. by 3.2% during the 2nd quarter, bringing its total holdings to 27,642 shares valued at approximately $14.57 million.
• Several institutional investors have also boosted their positions in S&P Global, with 87.17% of the stock now owned by institutional investors and hedge funds.
• S&P Global recently reported earnings of $4.43 per share for the last quarter, exceeding the consensus estimate of $4.18, along with a revenue of $3.76 billion.

Community Trust & Investment Co. boosted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,642 shares of the business services provider's stock after acquiring an additional 870 shares during the period. Community Trust & Investment Co.'s holdings in S&P Global were worth $14,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Divergent Planning LLC bought a new position in shares of S&P Global during the 2nd quarter worth about $303,000. SCS Capital Management LLC bought a new stake in S&P Global in the first quarter valued at about $240,000. Caxton Associates LLP bought a new stake in S&P Global in the first quarter valued at about $386,000. Dynamic Advisor Solutions LLC grew its stake in S&P Global by 6.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider's stock worth $6,568,000 after buying an additional 733 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in S&P Global by 20.2% during the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after buying an additional 708 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on SPGI shares. Barclays upped their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Wells Fargo & Company increased their target price on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday. Oppenheimer raised their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, BMO Capital Markets lifted their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $614.46.

S&P Global Stock Performance

Shares of SPGI stock traded down $0.59 during midday trading on Friday, hitting $507.21. 4,147,224 shares of the company were exchanged, compared to its average volume of 1,068,322. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $154.85 billion, a P/E ratio of 39.02, a PEG ratio of 2.72 and a beta of 1.20. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The firm's 50 day moving average price is $542.96 and its two-hundred day moving average price is $515.26.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. 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 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.