AQR Capital Management LLC Has $71.13 Million Stock Position in S&P Global Inc. $SPGI

Key Points

• AQR Capital Management LLC increased its holdings in S&P Global Inc. by 289.8% in the 1st quarter, acquiring 105,515 additional shares, bringing its total to 141,919 shares worth approximately $71.1 million.
• Multiple large investors, including Vanguard and UBS, have also increased their stakes in S&P Global, leading to a high institutional ownership of 87.17% of the company's stock.
• S&P Global recently reported a quarterly EPS of $4.43, exceeding expectations, alongside a revenue of $3.76 billion, indicating a 5.8% year-over-year increase.

AQR Capital Management LLC grew its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 289.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,919 shares of the business services provider's stock after acquiring an additional 105,515 shares during the quarter. AQR Capital Management LLC's holdings in S&P Global were worth $71,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global in the 4th quarter worth about $25,000. Cheviot Value Management LLC bought a new position in S&P Global in the 1st quarter worth about $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global in the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global in the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC increased its stake 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 institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SPGI. Morgan Stanley raised their price target on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Oppenheimer increased their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company increased their price target on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. UBS Group increased their price target on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, BMO Capital Markets increased their price target on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $611.69.

S&P Global Trading Up 0.3%

Shares of NYSE SPGI traded up $1.64 during mid-day trading on Tuesday, hitting $547.51. 631,745 shares of the company traded hands, compared to its average volume of 1,262,312. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The stock has a market capitalization of $167.16 billion, a price-to-earnings ratio of 42.12, a PEG ratio of 2.88 and a beta of 1.20. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $541.58 and a two-hundred day moving average of $514.58.

S&P Global (NYSE:SPGI - Get Free Report) last announced its 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 return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the business 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, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business 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. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 29.54%.

About S&P Global

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.