True North Advisors LLC Has $2.49 Million Holdings in S&P Global Inc. $SPGI

Key Points

• True North Advisors LLC has reduced its holdings in S&P Global Inc. by 9.9%, currently owning 4,719 shares valued at approximately $2.49 million.
• S&P Global reported earnings of $4.43 per share in its latest quarter, exceeding analyst estimates, and achieved a revenue increase of 5.8% year-over-year.
• The company announced a quarterly dividend of $0.96 per share, resulting in an annualized yield of 0.8%, with the ex-dividend date set for November 25.

True North Advisors LLC cut its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 9.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,719 shares of the business services provider's stock after selling 521 shares during the quarter. True North Advisors LLC's holdings in S&P Global were worth $2,488,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Divergent Planning LLC acquired a new stake in shares of S&P Global during the second quarter worth $303,000. Dynamic Advisor Solutions LLC grew its holdings in S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider's stock worth $6,568,000 after purchasing an additional 733 shares during the period. SCS Capital Management LLC acquired a new stake in S&P Global in the first quarter worth $240,000. Caxton Associates LLP acquired a new stake in S&P Global in the first quarter worth $386,000. Finally, Foster Victor Wealth Advisors LLC grew its holdings in S&P Global by 4.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider's stock worth $16,562,000 after purchasing an additional 1,383 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 1.2%

S&P Global stock opened at $484.79 on Friday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The firm has a market capitalization of $148.01 billion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth ratio of 2.63 and a beta of 1.20. The firm's fifty day moving average price is $540.46 and its two-hundred day moving average price is $514.94. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

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. 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 for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the firm earned $4.04 earnings per share. The business'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. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th 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 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SPGI shares. Barclays raised their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Morgan Stanley raised their price target on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. BMO Capital Markets raised their price target on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Oppenheimer raised their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $614.46.

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.

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