S&P Global Inc. $SPGI Shares Sold by SVB Wealth LLC

Key Points

• SVB Wealth LLC reduced its stake in S&P Global Inc. by 43.9% in Q1, now holding 2,571 shares valued at approximately $1.3 million.
• Several large investors, including APG Asset Management and Smartleaf Asset Management, have increased their holdings in S&P Global, indicating strong institutional interest in the stock.
• S&P Global reported Q1 earnings of $4.43 per share, exceeding analyst expectations, alongside a revenue increase of 5.8% year-over-year.

SVB Wealth LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 43.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,571 shares of the business services provider's stock after selling 2,013 shares during the quarter. SVB Wealth LLC's holdings in S&P Global were worth $1,306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in S&P Global in the 4th quarter valued at about $25,000. Cheviot Value Management LLC purchased a new stake in shares of S&P Global during the first quarter worth approximately $26,000. Costello Asset Management INC purchased a new stake in shares of S&P Global during the first quarter worth approximately $26,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in S&P Global in the 1st quarter valued at approximately $28,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 0.4%

Shares of NYSE:SPGI traded down $2.20 during trading on Thursday, reaching $547.67. 1,024,893 shares of the stock traded hands, compared to its average volume of 1,276,966. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The stock has a market cap of $167.20 billion, a P/E ratio of 42.13, a price-to-earnings-growth ratio of 2.96 and a beta of 1.19. The stock has a 50-day moving average of $537.20 and a two-hundred day moving average of $514.49. 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 posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the previous year, the business posted $4.04 EPS. The business's 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. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. BMO Capital Markets increased 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. boosted their price target on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. UBS Group increased their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Robert W. Baird reduced their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, S&P Global 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.