Elevation Point Wealth Partners LLC Sells 3,536 Shares of S&P Global Inc. $SPGI

Elevation Point Wealth Partners LLC decreased its stake in S&P Global Inc. (NYSE:SPGI) by 38.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,557 shares of the business services provider’s stock after selling 3,536 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in S&P Global were worth $2,263,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Weitz Investment Management Inc. raised its stake in S&P Global by 1.4% during the second quarter. Weitz Investment Management Inc. now owns 7,150 shares of the business services provider’s stock worth $2,912,000 after acquiring an additional 100 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of S&P Global by 3.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 117,890 shares of the business services provider’s stock valued at $48,011,000 after purchasing an additional 3,974 shares in the last quarter. WealthShield Partners LLC grew its holdings in shares of S&P Global by 6.3% in the 2nd quarter. WealthShield Partners LLC now owns 6,074 shares of the business services provider’s stock worth $2,474,000 after purchasing an additional 360 shares during the last quarter. Farringdon Capital Ltd. bought a new stake in shares of S&P Global in the 2nd quarter worth about $3,770,000. Finally, W1M Asset Management Ltd increased its position in shares of S&P Global by 0.7% during the 2nd quarter. W1M Asset Management Ltd now owns 4,179 shares of the business services provider’s stock worth $1,700,000 after purchasing an additional 28 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 0.0%

Shares of NYSE SPGI opened at $431.10 on Monday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $559.44. The firm’s 50-day simple moving average is $422.87 and its 200 day simple moving average is $424.74. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The company has a market cap of $127.09 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the company posted $4.43 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 23.69%.

Analyst Ratings Changes

SPGI has been the topic of a number of recent analyst reports. Bank of America reduced their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Rothschild & Co Redburn dropped their price objective on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, June 18th. BMO Capital Markets lifted their target price on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Stifel Nicolaus boosted their target price on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Wall Street Zen upgraded S&P Global to a “hold” rating in a research report on Saturday, July 4th. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $523.59.

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.