Newport Trust Company LLC Has $556.16 Million Holdings in S&P Global Inc. $SPGI

Key Points

• Newport Trust Company LLC reduced its stake in S&P Global by 0.3%, selling 3,336 shares, and now holds approximately 1.4% of its investment portfolio in the company.
• Several institutional investors, including Vanguard Group Inc. and Northern Trust Corp., increased their holdings in S&P Global, reflecting strong interest in its stock.
• S&P Global recently reported earnings of $4.43 per share, surpassing analysts’ expectations, and announced a quarterly dividend of $0.96 per share, highlighting its financial strength.

Newport Trust Company LLC cut its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,094,592 shares of the business services provider's stock after selling 3,336 shares during the period. S&P Global accounts for approximately 1.4% of Newport Trust Company LLC's portfolio, making the stock its 13th biggest holding. Newport Trust Company LLC owned 0.36% of S&P Global worth $556,162,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of S&P Global by 0.4% in the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock worth $15,130,711,000 after purchasing an additional 108,729 shares during the period. Northern Trust Corp increased its stake in shares of S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of S&P Global by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after purchasing an additional 357,790 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock worth $1,497,493,000 after purchasing an additional 614,809 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of S&P Global by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock worth $1,403,468,000 after purchasing an additional 97,324 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company boosted their price target on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. UBS Group boosted their price target on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price target on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Oppenheimer boosted their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $611.69.

S&P Global Price Performance

NYSE SPGI traded up $3.49 during trading on Friday, reaching $555.93. 1,060,179 shares of the company traded hands, compared to its average volume of 1,238,374. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The stock's 50 day moving average price is $534.30 and its two-hundred day moving average price is $513.75. The company has a market cap of $169.73 billion, a price-to-earnings ratio of 42.76, a P/E/G ratio of 2.98 and a beta of 1.19. 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 released its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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

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.