Newport Trust Company LLC Has $526.13 Million Stock Position in S&P Global Inc. $SPGI

Newport Trust Company LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,080,992 shares of the business services provider’s stock after selling 3,323 shares during the period. S&P Global accounts for about 1.2% of Newport Trust Company LLC’s investment portfolio, making the stock its 15th biggest holding. Newport Trust Company LLC owned approximately 0.35% of S&P Global worth $526,130,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after acquiring an additional 143 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after purchasing an additional 75 shares during the last quarter. Dakota Wealth Management acquired a new stake in S&P Global in the 2nd quarter worth approximately $232,000. Patton Fund Management Inc. bought a new stake in S&P Global during the second quarter worth approximately $241,000. Finally, NovaPoint Capital LLC boosted its position in S&P Global by 4.2% during the second quarter. NovaPoint Capital LLC now owns 10,068 shares of the business services provider’s stock worth $5,309,000 after purchasing an additional 406 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. BMO Capital Markets set a $546.00 target price on shares of S&P Global in a report on Friday, November 14th. Mizuho upped their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Seaport Research Partners raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. dropped their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $615.64.

S&P Global Stock Performance

NYSE SPGI opened at $533.12 on Friday. The company’s fifty day moving average is $514.76 and its two-hundred day moving average is $517.32. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $161.43 billion, a price-to-earnings ratio of 38.77, a P/E/G ratio of 2.27 and a beta of 1.21.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, beating analysts’ consensus estimates of $4.26 by $0.47. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the business earned $3.89 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is 27.93%.

About S&P Global

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.