Tritonpoint Wealth LLC Sells 97 Shares of S&P Global Inc. $SPGI

Tritonpoint Wealth LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 5.1% during the second quarter, Holdings Channel.com reports. The firm owned 1,802 shares of the business services provider’s stock after selling 97 shares during the quarter. Tritonpoint Wealth LLC’s holdings in S&P Global were worth $950,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Divergent Planning LLC bought a new stake in S&P Global during the second quarter valued at about $303,000. Dynamic Advisor Solutions LLC boosted its position in S&P Global by 6.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after purchasing an additional 733 shares in the last quarter. SCS Capital Management LLC purchased a new stake in S&P Global in the first quarter valued at about $240,000. Foster Victor Wealth Advisors LLC raised its stake 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 valued at $16,562,000 after buying an additional 1,383 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in S&P Global in the first quarter valued at about $386,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.6%

S&P Global stock opened at $487.66 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a market capitalization of $148.88 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 2.61 and a beta of 1.20. The stock has a 50-day moving average price of $539.72 and a 200 day moving average price of $515.49.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS 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 firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company posted $4.04 earnings per share. The company’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. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business 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 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is currently 29.54%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group increased their price target 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. JPMorgan Chase & Co. increased their price target 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. BMO Capital Markets increased their price target 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. Wells Fargo & Company increased their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Citigroup increased their price target on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $614.46.

S&P Global 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.