Tritonpoint Wealth LLC Trims Stake in S&P Global Inc. $SPGI

Tritonpoint Wealth LLC cut its position in S&P Global Inc. (NYSE:SPGI) by 74.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 464 shares of the business services provider’s stock after selling 1,360 shares during the quarter. Tritonpoint Wealth LLC’s holdings in S&P Global were worth $243,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of S&P Global by 17.7% in the third quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock valued at $32,541,000 after buying an additional 10,044 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in shares of S&P Global by 324.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock worth $13,673,000 after buying an additional 21,481 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of S&P Global by 3.3% during the third quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock worth $456,656,000 after buying an additional 30,080 shares during the last quarter. Collier Financial acquired a new position in S&P Global in the 3rd quarter valued at about $2,865,000. Finally, Mawer Investment Management Ltd. increased its position in S&P Global by 27.3% in the 3rd quarter. Mawer Investment Management Ltd. now owns 168,229 shares of the business services provider’s stock valued at $81,879,000 after acquiring an additional 36,078 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. UBS Group reduced their price objective on S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Evercore set a $625.00 target price on S&P Global and gave the company an “outperform” rating in a report on Wednesday, February 11th. BMO Capital Markets upped their price target on S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. The Goldman Sachs Group set a $498.00 price target on S&P Global in a report on Wednesday, February 11th. Finally, Wells Fargo & Company lowered their price objective on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of “Buy” and a consensus price target of $563.53.

S&P Global Price Performance

Shares of NYSE SPGI opened at $431.09 on Friday. The firm has a market capitalization of $130.82 billion, a P/E ratio of 29.43, a PEG ratio of 1.91 and a beta of 1.20. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The company’s fifty day moving average is $439.26 and its two-hundred day moving average is $480.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the prior year, the business earned $3.77 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, February 25th. S&P Global’s dividend payout ratio is 26.48%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.