S&P Global Inc. $SPGI Shares Bought by Alkeon Capital Management LLC

Key Points

• Alkeon Capital Management LLC increased its stake in S&P Global Inc. by 12.3%, owning 190,416 shares worth $96.75 million as of the end of the first quarter.
• Research analysts have a positive outlook on S&P Global, with one "Strong Buy" rating, thirteen "Buy" ratings, and a consensus target price of $611.69.
• S&P Global announced a quarterly dividend of $0.96 per share, representing a 0.7% dividend yield, with an ex-dividend date set for August 26th.

Alkeon Capital Management LLC grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 12.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 190,416 shares of the business services provider's stock after acquiring an additional 20,868 shares during the quarter. Alkeon Capital Management LLC owned about 0.06% of S&P Global worth $96,750,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Stegent Equity Advisors Inc. increased its stake in S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock valued at $335,000 after purchasing an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its position in shares of S&P Global by 0.7% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock worth $1,453,000 after acquiring an additional 20 shares during the last quarter. Integrated Investment Consultants LLC grew its holdings in S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock valued at $387,000 after purchasing an additional 21 shares during the period. Hemington Wealth Management grew its holdings in S&P Global by 8.0% in the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock valued at $144,000 after purchasing an additional 21 shares during the period. Finally, Retirement Planning Group LLC increased its position in S&P Global by 0.4% during the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Down 0.5%

SPGI traded down $2.65 on Friday, reaching $537.61. The company's stock had a trading volume of 920,331 shares, compared to its average volume of 1,000,519. The stock has a market cap of $164.13 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 2.89 and a beta of 1.20. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The business's 50 day moving average is $540.83 and its 200 day moving average is $514.87.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend 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 currently 29.54%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Wells Fargo & Company increased their target price on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group increased their target price on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Morgan Stanley increased their target price on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of "Buy" and a consensus 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.