Compagnie Lombard Odier SCmA Sells 4,777 Shares of S&P Global Inc. $SPGI

Key Points

• Compagnie Lombard Odier SCmA reduced its stake in S&P Global Inc. by selling 4,777 shares, bringing its total holdings to 159,169 shares, which comprises 1.1% of its portfolio.
• S&P Global reported a quarterly EPS of $4.43, surpassing analysts' expectations, with revenue reaching $3.76 billion, a 5.8% increase from the previous year.
• The company plans to distribute a quarterly dividend of $0.96 on December 10th, representing a 0.8% dividend yield.

Compagnie Lombard Odier SCmA lessened its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,169 shares of the business services provider's stock after selling 4,777 shares during the quarter. S&P Global comprises 1.1% of Compagnie Lombard Odier SCmA's holdings, making the stock its 21st biggest position. Compagnie Lombard Odier SCmA owned 0.05% of S&P Global worth $83,928,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Cheviot Value Management LLC purchased a new stake in S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC purchased a new stake in S&P Global during the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global during the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global during the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC grew its position in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Trading Down 0.2%

Shares of SPGI stock opened at $506.13 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $154.52 billion, a PE ratio of 38.93, a price-to-earnings-growth ratio of 2.71 and a beta of 1.20. The company has a 50-day moving average of $542.48 and a two-hundred day moving average of $515.27. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the firm posted $4.04 earnings per share. The business's revenue for the quarter 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. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. 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 presently 29.54%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. UBS Group boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Oppenheimer boosted their target price on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Citigroup upped their price objective on shares of S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a report on Monday, September 15th. JPMorgan Chase & Co. upped their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Wells Fargo & Company upped their price objective on shares of S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $614.46.

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.

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