Midwest Trust Co Reduces Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Midwest Trust Co cut its S&P Global stake by 49.6% in the second quarter, selling 3,620 shares and retaining 3,685 shares valued at approximately $1.5 million. Institutional investors collectively own 87.17% of the company.
• S&P Global reported quarterly revenue of $4.15 billion, up 10.4% year over year, and adjusted earnings of $4.83 per share, slightly exceeding analyst expectations. The company maintained fiscal 2026 EPS guidance of $17.50–$17.75.
• The stock opened at $418.15, while analysts maintain a “Moderate Buy” consensus with an average price target of $523.59. S&P Global also declared a quarterly dividend of $0.97 per share, representing a 0.9% yield.

Midwest Trust Co decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 49.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,685 shares of the business services provider's stock after selling 3,620 shares during the period. Midwest Trust Co's holdings in S&P Global were worth $1,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SPGI. Norges Bank bought a new stake in shares of S&P Global in the fourth quarter valued at $2,398,991,000. EdgePoint Investment Group Inc. purchased a new position in shares of S&P Global during the 1st quarter valued at $702,911,000. Cardano Risk Management B.V. grew its stake in shares of S&P Global by 858.3% during the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider's stock worth $919,879,000 after acquiring an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of S&P Global by 2,256.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider's stock worth $755,996,000 after acquiring an additional 1,385,249 shares during the period. Finally, Soroban Capital Partners LP increased its holdings in S&P Global by 260.3% in the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider's stock worth $718,247,000 after acquiring an additional 1,219,990 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Down 1.1%

Shares of NYSE SPGI opened at $418.15 on Friday. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $565.28. The business has a 50-day simple moving average of $422.53 and a two-hundred day simple moving average of $429.14. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The company has a market cap of $123.27 billion, a P/E ratio of 25.53, a P/E/G ratio of 1.88 and a beta of 1.07.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating analysts' consensus estimates of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm earned $4.43 EPS. The company's quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Research analysts anticipate that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global's payout ratio is currently 23.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SPGI shares. Barclays lowered their price objective on S&P Global from $555.00 to $553.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 29th. Daiwa Securities Group reduced their target price 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, May 20th. Wall Street Zen raised shares of S&P Global to a "hold" rating in a research report on Saturday, July 4th. Morgan Stanley lowered their price target on shares of S&P Global from $557.00 to $525.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group dropped their price target on shares of S&P Global from $539.00 to $490.00 and set a "buy" rating on the stock in a research note on Wednesday, July 1st. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global Company Profile

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.

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