Interval Partners LP Decreases Holdings in S&P Global Inc. $SPGI

Key Points

• Interval Partners LP reduced its stake in S&P Global Inc. by 51.8%, selling 12,207 shares and holding 11,343 shares worth approximately $5.76 million.
• S&P Global reported a quarterly EPS of $4.43, exceeding analysts' expectations, alongside a revenue of $3.76 billion which was also above estimates.
• The company announced a quarterly dividend of $0.96 per share, reflecting an annualized yield of 0.7% and a payout ratio of 29.54%.

Interval Partners LP trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 51.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,343 shares of the business services provider's stock after selling 12,207 shares during the period. Interval Partners LP's holdings in S&P Global were worth $5,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in SPGI. Brighton Jones LLC lifted its position in shares of S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after buying an additional 143 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in S&P Global by 3.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after acquiring an additional 2,413 shares in the last quarter. GHE LLC lifted its position in S&P Global by 2.1% in the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock valued at $6,725,000 after acquiring an additional 274 shares during the last quarter. Algert Global LLC acquired a new position in S&P Global in the fourth quarter valued at $1,584,000. Finally, Cary Street Partners Financial LLC purchased a new position in shares of S&P Global during the fourth quarter worth about $1,615,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

NYSE:SPGI traded up $1.64 during mid-day trading on Tuesday, reaching $547.51. The stock had a trading volume of 631,745 shares, compared to its average volume of 1,262,312. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The business has a 50 day simple moving average of $541.58 and a 200 day simple moving average of $514.58. The firm has a market capitalization of $167.16 billion, a price-to-earnings ratio of 42.12, a PEG ratio of 2.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the business posted $4.04 EPS. The company's revenue for the quarter was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is presently 29.54%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Wells Fargo & Company raised their target price on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group lifted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. BMO Capital Markets increased their price target on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Oppenheimer raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, S&P Global currently has a consensus rating of "Buy" and an average price target of $611.69.

S&P Global 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.