S&P Global Inc. $SPGI is Triavera Capital LLC's 7th Largest Position

Key Points

• Triavera Capital LLC reduced its holdings in S&P Global Inc. by 5.3% during the first quarter, owning 20,409 shares valued at approximately $10.37 million.
• S&P Global reported a Q2 EPS of $4.43, surpassing analysts' estimates of $4.18, with a revenue of $3.76 billion during the quarter.
• The company declared a quarterly dividend of $0.96 per share, with a scheduled payout date of September 10th, reflecting an annualized yield of 0.7%.

Triavera Capital LLC decreased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 5.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,409 shares of the business services provider's stock after selling 1,145 shares during the period. S&P Global accounts for approximately 5.9% of Triavera Capital LLC's holdings, making the stock its 7th largest position. Triavera Capital LLC's holdings in S&P Global were worth $10,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SPGI. Stegent Equity Advisors Inc. boosted its position in S&P Global by 3.1% during the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock valued at $335,000 after purchasing an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC increased its stake in S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock worth $1,453,000 after acquiring an additional 20 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of S&P Global by 2.8% in the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock valued at $387,000 after purchasing an additional 21 shares during the last quarter. Hemington Wealth Management increased its stake in shares of S&P Global by 8.0% in the 1st quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock valued at $144,000 after purchasing an additional 21 shares during the last quarter. Finally, Retirement Planning Group LLC increased its stake in shares of S&P Global by 0.4% in the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 0.3%

SPGI stock traded up $1.64 during trading on Tuesday, reaching $547.51. 631,745 shares of the stock were exchanged, compared to its average volume of 1,003,596. The firm's 50 day moving average is $541.94 and its 200 day moving average is $514.81. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market cap of $167.16 billion, a P/E ratio of 42.12, a price-to-earnings-growth ratio of 2.92 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share 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 for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the business earned $4.04 EPS. The firm'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. As a group, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid 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 dividend payout ratio is 29.54%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPGI. Oppenheimer lifted 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. Morgan Stanley raised their price objective on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company raised their price objective on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.