Silverberg Bernstein Capital Management LLC Lowers Holdings in S&P Global Inc. $SPGI

Key Points

• Silverberg Bernstein Capital Management LLC has significantly decreased its holdings in S&P Global Inc. by 84.5% during the second quarter, owning only 2,000 shares after selling 10,907 shares.
• Despite this reduction, several other institutional investors have recently increased their stakes, indicating continued interest in S&P Global, which is currently owned 87.17% by institutional investors.
• S&P Global reported impressive earnings with $4.43 earnings per share for the last quarter, surpassing analysts' expectations, and announced a quarterly dividend of $0.96, reflecting stable financial performance.

Silverberg Bernstein Capital Management LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 84.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,000 shares of the business services provider's stock after selling 10,907 shares during the quarter. Silverberg Bernstein Capital Management LLC's holdings in S&P Global were worth $1,055,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new stake in S&P Global in the 1st quarter valued at about $26,000. Cheviot Value Management LLC purchased a new stake in S&P Global in the 1st quarter valued at about $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the 1st quarter valued at about $28,000. CBIZ Investment Advisory Services LLC grew its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after buying an additional 31 shares during the period. Finally, eCIO Inc. purchased a new stake in S&P Global in the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group lifted their price objective 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. BMO Capital Markets lifted their price objective on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective 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. Citigroup lifted their price objective on S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research note on Monday. Finally, Barclays lifted their price objective on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of "Buy" and an average price target of $614.38.

S&P Global Stock Performance

S&P Global stock opened at $543.51 on Tuesday. The stock's 50 day moving average price is $543.18 and its 200 day moving average price is $515.09. The firm has a market capitalization of $165.93 billion, a PE ratio of 41.81, a price-to-earnings-growth ratio of 2.91 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 Inc. has a one year low of $427.14 and a one year high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the company posted $4.04 EPS. S&P Global's quarterly revenue 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. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

About S&P Global

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.

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