Elevation Point Wealth Partners LLC Has $2.26 Million Position in S&P Global Inc. $SPGI

Key Points

• Elevation Point Wealth Partners cut its S&P Global stake by 38.9% in the second quarter, selling 3,536 shares and retaining 5,557 shares valued at approximately $2.26 million. Institutional investors collectively own 87.17% of SPGI.
• Analyst sentiment remains largely positive, with 18 Buy ratings, one Hold and one Sell; the consensus rating is Moderate Buy with a $523.59 price target.
• S&P Global beat quarterly estimates with $4.83 EPS and $4.15 billion in revenue, up 10.4% year over year. The company also declared a $0.97 quarterly dividend, representing a 0.9% yield.

Elevation Point Wealth Partners LLC cut its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 38.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,557 shares of the business services provider's stock after selling 3,536 shares during the period. Elevation Point Wealth Partners LLC's holdings in S&P Global were worth $2,263,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Weitz Investment Management Inc. lifted its holdings in shares of S&P Global by 1.4% during the second quarter. Weitz Investment Management Inc. now owns 7,150 shares of the business services provider's stock worth $2,912,000 after buying an additional 100 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of S&P Global by 3.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 117,890 shares of the business services provider's stock worth $48,011,000 after acquiring an additional 3,974 shares during the last quarter. WealthShield Partners LLC grew its stake in shares of S&P Global by 6.3% in the second quarter. WealthShield Partners LLC now owns 6,074 shares of the business services provider's stock worth $2,474,000 after acquiring an additional 360 shares during the last quarter. Farringdon Capital Ltd. bought a new position in S&P Global during the second quarter worth $3,770,000. Finally, W1M Asset Management Ltd increased its position in S&P Global by 0.7% during the second quarter. W1M Asset Management Ltd now owns 4,179 shares of the business services provider's stock worth $1,700,000 after acquiring an additional 28 shares during the period. Institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on SPGI shares. Jefferies Financial Group increased their price target on shares of S&P Global from $500.00 to $535.00 and gave the company a "buy" rating in a report on Monday, April 27th. BMO Capital Markets boosted their price objective on shares of S&P Global from $495.00 to $505.00 and gave the stock an "outperform" rating in a report on Tuesday, July 7th. Zacks Research lowered shares of S&P Global from a "hold" rating to a "strong sell" rating in a research report on Monday, July 20th. Rothschild & Co Redburn reduced their target price 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. Finally, UBS Group decreased their target price on S&P Global from $550.00 to $525.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $523.59.

S&P Global Stock Down 0.0%

Shares of SPGI stock opened at $431.10 on Monday. S&P Global Inc. has a one year low of $381.61 and a one year high of $559.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a fifty day moving average price of $422.87 and a 200 day moving average price of $424.74. The stock has a market cap of $127.09 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm posted $4.43 EPS. The business'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. 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 announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global's payout ratio is 23.69%.

About S&P Global

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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