First Bank & Trust Sells 978 Shares of S&P Global Inc. $SPGI

Key Points

• First Bank & Trust reduced its stake in S&P Global by 24.7%, selling 978 shares during the 2nd quarter, leaving it with 2,987 shares worth approximately $1,575,000.
• Analysts have generally given S&P Global positive reviews, with the average target price set at $614.38 and several firms upgrading their ratings.
• S&P Global reported $4.43 earnings per share for the last quarter, exceeding expectations, and announced a quarterly dividend of $0.96 per share with an annual yield of 0.7%.

First Bank & Trust decreased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 24.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,987 shares of the business services provider's stock after selling 978 shares during the quarter. First Bank & Trust's holdings in S&P Global were worth $1,575,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Costello Asset Management INC bought a new stake in shares of S&P Global in the 1st quarter worth about $26,000. Cheviot Value Management LLC bought a new position in S&P Global during the 1st quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global in the first quarter valued at about $28,000. CBIZ Investment Advisory Services LLC boosted its position in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after buying an additional 31 shares in the last quarter. Finally, eCIO Inc. bought a new stake in S&P Global during the first quarter worth about $32,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price 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. Morgan Stanley raised their price target on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Oppenheimer boosted their price objective on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, UBS Group increased their target price on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, S&P Global presently has a consensus rating of "Buy" and an average target price of $614.38.

S&P Global Price Performance

S&P Global stock opened at $543.51 on Tuesday. The business's 50-day simple moving average is $543.18 and its 200 day simple moving average is $515.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market cap of $165.93 billion, a price-to-earnings ratio of 41.81, a P/E/G ratio of 2.91 and a beta of 1.20. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the previous year, the business posted $4.04 EPS. The company's quarterly revenue was up 5.8% compared to the same quarter last year. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 26th. S&P Global's payout ratio is 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.

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