Redwood Investment Management LLC Acquires Shares of 2,836 S&P Global Inc. $SPGI

Key Points

• Redwood Investment Management LLC acquired 2,836 shares of S&P Global Inc. valued at approximately $1.44 million in the first quarter.
• S&P Global reported a quarterly EPS of $4.43, exceeding estimates, and set FY 2025 guidance of 17.000-17.250 EPS.
• The company announced a quarterly dividend of $0.96 per share, with a yield of 0.7%, to be paid on September 10th to shareholders of record on August 26th.

Redwood Investment Management LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,836 shares of the business services provider's stock, valued at approximately $1,441,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Graham Capital Management L.P. bought a new stake in S&P Global during the fourth quarter worth $14,040,000. GAMMA Investing LLC grew its position in shares of S&P Global by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after acquiring an additional 708 shares during the period. E Fund Management Co. Ltd. increased its stake in shares of S&P Global by 59.7% during the 1st quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider's stock worth $1,478,000 after purchasing an additional 1,088 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of S&P Global by 1.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock valued at $44,102,000 after purchasing an additional 1,166 shares during the period. Finally, Alaethes Wealth LLC bought a new stake in shares of S&P Global in the 4th quarter valued at about $2,029,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

SPGI stock traded up $1.06 during trading hours on Friday, hitting $548.61. 886,915 shares of the stock were exchanged, compared to its average volume of 1,184,245. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $167.49 billion, a P/E ratio of 42.20, a P/E/G ratio of 2.93 and a beta of 1.19. The company has a 50-day simple moving average of $538.99 and a two-hundred day simple moving average of $514.77.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the company posted $4.04 earnings per share. S&P Global's revenue 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. On average, analysts forecast that S&P Global Inc. will post 17.11 earnings per share 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. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

Analyst Ratings Changes

A number of research firms recently commented on SPGI. Morgan Stanley lifted their price target on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. BMO Capital Markets boosted their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. JPMorgan Chase & Co. increased their price target on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company raised their price target on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. One 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 company's stock. Based on data from MarketBeat, S&P Global has an average rating of "Buy" and a consensus price target 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.