Stock Yards Bank & Trust Co. Reduces Stock Position in S&P Global Inc. $SPGI

Stock Yards Bank & Trust Co. reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 19.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 943 shares of the business services provider’s stock after selling 221 shares during the period. Stock Yards Bank & Trust Co.’s holdings in S&P Global were worth $497,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Stegent Equity Advisors Inc. lifted its holdings in S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after buying an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC lifted its holdings in S&P Global by 0.7% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after buying an additional 20 shares during the period. Foster Group Inc. lifted its holdings in S&P Global by 0.9% in the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock worth $1,180,000 after buying an additional 20 shares during the period. Integrated Investment Consultants LLC lifted its holdings in S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after buying an additional 21 shares during the period. Finally, Hemington Wealth Management lifted its holdings in S&P Global by 8.0% in the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider’s stock worth $144,000 after buying an additional 21 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup raised their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Saturday, September 27th. BMO Capital Markets raised their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Oppenheimer raised their target price on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $614.46.

S&P Global Price Performance

Shares of NYSE SPGI opened at $479.88 on Friday. The company has a market capitalization of $146.51 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 2.56 and a beta of 1.19. 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 company has a 50 day simple moving average of $535.36 and a two-hundred day simple moving average of $515.03. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. The company 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 firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 29.54%.

S&P Global Company 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.