Trivium Point Advisory LLC Has $3.57 Million Position in S&P Global Inc. (NYSE:SPGI)

Trivium Point Advisory LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,033 shares of the business services provider’s stock after selling 115 shares during the quarter. Trivium Point Advisory LLC’s holdings in S&P Global were worth $3,574,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of S&P Global by 0.4% in the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock valued at $15,130,711,000 after purchasing an additional 108,729 shares during the period. Northern Trust Corp raised its position in shares of S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock valued at $1,631,568,000 after purchasing an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of S&P Global by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider’s stock valued at $1,529,653,000 after purchasing an additional 357,790 shares during the period. Goldman Sachs Group Inc. raised its position in shares of S&P Global by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock valued at $1,403,468,000 after purchasing an additional 97,324 shares during the period. Finally, Nuveen Asset Management LLC raised its position in shares of S&P Global by 11.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider’s stock valued at $1,087,853,000 after purchasing an additional 224,294 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 0.6%

SPGI opened at $562.53 on Thursday. The firm’s 50-day simple moving average is $528.18 and its 200-day simple moving average is $512.02. The firm has a market cap of $171.74 billion, a price-to-earnings ratio of 43.27, a PEG ratio of 2.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $566.56.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.04 EPS. Equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. S&P Global’s dividend payout ratio is presently 29.54%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Robert W. Baird reduced their price target on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Morgan Stanley boosted their price objective 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. Stifel Nicolaus dropped their price objective on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. UBS Group boosted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, BMO Capital Markets boosted their price objective 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. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $611.69.

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.