Trivium Point Advisory LLC Cuts Stock Position in S&P Global Inc. $SPGI

Trivium Point Advisory LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 4.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,707 shares of the business services provider’s stock after selling 326 shares during the period. Trivium Point Advisory LLC’s holdings in S&P Global were worth $3,536,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SPGI. Cheviot Value Management LLC purchased a new stake in S&P Global in the 1st quarter worth $26,000. Costello Asset Management INC purchased a new stake in S&P Global in the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global in the 2nd quarter worth $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the 1st quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.8%

Shares of NYSE:SPGI opened at $490.89 on Tuesday. 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 Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a 50-day moving average price of $539.09 and a 200 day moving average price of $515.52. The company has a market cap of $149.87 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 2.61 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS 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 during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm earned $4.04 EPS. The firm’s revenue for the quarter 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, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research analyst reports. UBS Group raised their price objective on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. 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 research report on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Oppenheimer raised their price objective on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Finally, Citigroup raised their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price 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.