Teza Capital Management LLC Makes New $544,000 Investment in S&P Global Inc. $SPGI

Key Points

• Teza Capital Management LLC acquired a new position in S&P Global Inc. by purchasing 1,071 shares valued at approximately $544,000 in the first quarter.
• Multiple hedge funds have increased their stakes in S&P Global, with institutional investors now owning 87.17% of the company's stock.
• S&P Global reported a quarterly EPS of $4.43, exceeding analyst expectations, and announced a quarterly dividend of $0.96 to be paid in September.

Teza Capital Management LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,071 shares of the business services provider's stock, valued at approximately $544,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in S&P Global in the fourth quarter valued at about $25,000. Cheviot Value Management LLC acquired a new position in shares of S&P Global in the first quarter valued at about $26,000. Costello Asset Management INC acquired a new position in shares of S&P Global in the first quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global in the first quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after purchasing an additional 31 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SPGI. BMO Capital Markets increased their price objective on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Oppenheimer increased their price objective on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. increased their price objective on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Barclays increased their price objective on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, UBS Group increased their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $611.69.

S&P Global Stock Performance

S&P Global stock traded down $5.62 during midday trading on Friday, hitting $545.26. 1,008,379 shares of the company were exchanged, compared to its average volume of 993,151. The firm has a market capitalization of $166.47 billion, a PE ratio of 41.94, a price-to-earnings-growth ratio of 2.95 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The business has a fifty day simple moving average of $542.91 and a two-hundred day simple moving average of $515.19. 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 (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.S&P Global's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, sell-side analysts forecast 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 was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were given a dividend of $0.96 per share. The ex-dividend date was 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 currently 29.54%.

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.