Corient Private Wealth LP Cuts Position in S&P Global Inc. $SPGI

Key Points

• Corient Private Wealth LP cut its S&P Global position by 20.6% in the second quarter, selling 86,387 shares and retaining 333,778 shares valued at approximately $136 million.
• S&P Global reported quarterly earnings of $4.83 per share and revenue of $4.15 billion, narrowly beating analyst estimates; revenue increased 10.4% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $523.59, while the company pays a quarterly dividend of $0.97 per share, yielding about 0.9%.

Corient Private Wealth LP decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 20.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 333,778 shares of the business services provider's stock after selling 86,387 shares during the quarter. Corient Private Wealth LP owned 0.11% of S&P Global worth $136,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Palladiem LLC purchased a new stake in S&P Global during the 4th quarter valued at about $36,000. Pingora Partners LLC purchased a new stake in shares of S&P Global during the second quarter worth about $29,000. Palisade Asset Management LLC purchased a new stake in shares of S&P Global during the third quarter worth about $36,000. Swiss RE Ltd. bought a new stake in shares of S&P Global in the fourth quarter worth about $39,000. Finally, Lloyd Advisory Services LLC. purchased a new position in S&P Global during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 0.0%

S&P Global stock opened at $410.55 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The business's fifty day simple moving average is $428.38 and its two-hundred day simple moving average is $425.67. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $552.25. The company has a market capitalization of $121.03 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.98 and a beta of 1.07.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.02. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company's revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities analysts predict 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 was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, August 26th. S&P Global's dividend payout ratio (DPR) is currently 23.69%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent analyst reports. Daiwa Securities Group cut their price objective on S&P Global from $490.00 to $485.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 20th. Weiss Ratings restated a "hold (c)" rating on shares of S&P Global in a report on Monday, July 6th. Rothschild & Co Redburn cut their price target on shares of S&P Global from $540.00 to $520.00 and set a "buy" rating on the stock in a report on Thursday, June 18th. BMO Capital Markets raised their target price on shares of S&P Global from $495.00 to $505.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $523.59.

S&P Global Company Profile

S&P Global Inc NYSE: SPGI provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.

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