Caliber Wealth Management LLC KS Acquires Shares of 3,382 S&P Global Inc. (NYSE:SPGI)

Key Points

• Caliber Wealth Management LLC KS acquired 3,382 shares of S&P Global Inc. valued at approximately $1.72 million in Q1, marking a significant addition to their portfolio.
• S&P Global reported earnings of $4.37 per share for Q1, exceeding expectations, with a revenue of $3.78 billion, up 8.2% year-over-year.
• The company recently declared a quarterly dividend of $0.96, with a yield of 0.72%, signifying a commitment to returning value to shareholders.

Caliber Wealth Management LLC KS acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,382 shares of the business services provider's stock, valued at approximately $1,718,000.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of S&P Global during the 4th quarter valued at approximately $1,725,084,000. GAMMA Investing LLC lifted its position in shares of S&P Global by 60,982.3% during the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after acquiring an additional 2,135,599 shares during the period. Northern Trust Corp lifted its position in shares of S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after acquiring an additional 525,347 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of S&P Global during the 4th quarter valued at approximately $238,503,000. Finally, BlueSpruce Investments LP acquired a new position in shares of S&P Global during the 4th quarter worth approximately $178,858,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 0.4%

Shares of NYSE SPGI traded up $2.09 during trading on Tuesday, hitting $532.50. 448,573 shares of the company traded hands, compared to its average volume of 1,276,406. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The company has a 50-day moving average price of $518.61 and a 200-day moving average price of $507.86. The firm has a market capitalization of $163.32 billion, a P/E ratio of 41.83, a P/E/G ratio of 2.58 and a beta of 1.19. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the previous year, the company earned $4.01 EPS. The business's quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. S&P Global's dividend payout ratio (DPR) is 30.16%.

Analysts Set New Price Targets

Several research analysts recently issued reports on SPGI shares. Argus upgraded S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Oppenheimer lifted their price objective on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their price objective on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. UBS Group lifted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company boosted their price target on S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $601.07.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president directly owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company's stock.

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.