Kestra Advisory Services LLC Has $6.27 Million Stake in S&P Global Inc. $SPGI

Key Points

• Kestra Advisory Services LLC reduced its stake in S&P Global Inc. by 22.7% during Q1, selling 3,631 shares and maintaining a total of 12,348 shares valued at approximately $6.27 million.
• S&P Global reported quarterly earnings of $4.43 per share, surpassing expectations, along with revenues of $3.76 billion, marking a 5.8% increase year-over-year.
• The company announced a quarterly dividend of $0.96, scheduled to be paid on September 10th, reflecting an annualized dividend of $3.84 with a yield of 0.7%.

Kestra Advisory Services LLC reduced its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 22.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,348 shares of the business services provider's stock after selling 3,631 shares during the period. Kestra Advisory Services LLC's holdings in S&P Global were worth $6,274,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SPGI. Brighton Jones LLC increased its position in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after acquiring an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of S&P Global by 3.3% in the fourth 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 increased its position in shares of S&P Global by 2.1% in the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after acquiring an additional 274 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of S&P Global by 8.9% in the fourth quarter. Integrated Wealth Concepts LLC now owns 4,328 shares of the business services provider's stock worth $2,156,000 after acquiring an additional 352 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management lifted its position in shares of S&P Global by 7.4% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 492 shares of the business services provider's stock worth $245,000 after purchasing an additional 34 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI stock traded up $1.06 during trading hours on Friday, reaching $548.61. 886,915 shares of the company's stock were exchanged, compared to its average volume of 1,274,653. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The stock has a market capitalization of $167.49 billion, a P/E ratio of 42.20, a P/E/G ratio of 2.94 and a beta of 1.19. The business has a fifty day moving average price of $538.10 and a 200-day moving average price of $514.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 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 company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the company earned $4.04 earnings per share. The company's quarterly revenue 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. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued 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 of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research analyst reports. Barclays increased their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Oppenheimer increased their price target 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. Wells Fargo & Company increased their price target 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. 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 report on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, S&P Global presently has an average rating of "Buy" and a consensus target price of $611.69.

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.