Trust Co. of Vermont Invests $3.83 Million in S&P Global Inc. $SPGI

Key Points

• Trust Co. of Vermont acquired 9,411 shares of S&P Global in the second quarter, valued at approximately $3.83 million. Institutional investors collectively own 87.17% of the company.
• S&P Global reported quarterly revenue of $4.15 billion and adjusted earnings of $4.83 per share, exceeding analyst expectations, while revenue increased 10.4% year over year.
• The stock recently traded around $410.48, down 2%, while analysts maintained a broadly positive outlook with a “Moderate Buy” consensus and an average price target of $523.59. The company also declared a quarterly dividend of $0.97 per share.

Trust Co. of Vermont purchased a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,411 shares of the business services provider's stock, valued at approximately $3,833,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in S&P Global during the 4th quarter worth $29,000. North Star Investment Management Corp. raised its position in shares of S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider's stock valued at $32,000 after buying an additional 35 shares during the last quarter. Palladiem LLC purchased a new position in shares of S&P Global in the fourth quarter worth about $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global in the third quarter worth about $36,000. Finally, Swiss RE Ltd. acquired a new position in S&P Global during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Down 2.0%

Shares of S&P Global stock opened at $410.48 on Tuesday. The stock has a 50 day moving average of $422.40 and a 200 day moving average of $427.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $121.01 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 1.88 and a beta of 1.07. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $559.60.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS 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 company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the business earned $4.43 earnings per share. The company's revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 23.69%.

Analyst Ratings Changes

Several brokerages recently issued reports on SPGI. Rothschild & Co Redburn dropped their price objective on shares of S&P Global from $540.00 to $520.00 and set a "buy" rating for the company in a research note on Thursday, June 18th. Robert W. Baird lowered their target price on S&P Global from $521.00 to $513.00 and set an "outperform" rating on the stock in a report on Wednesday, July 29th. Stifel Nicolaus upped their price target on S&P Global from $489.00 to $521.00 and gave the company a "buy" rating in a research report on Friday, July 17th. Wall Street Zen upgraded S&P Global to a "hold" rating in a research report on Saturday, July 4th. Finally, Zacks Research downgraded S&P Global from a "hold" rating to a "strong sell" rating in a research report on Monday, July 20th. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and an average price target 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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