Caxton Associates LLP Makes New $386,000 Investment in S&P Global Inc. $SPGI

Key Points

• Caxton Associates LLP has purchased a new stake in S&P Global Inc., buying 760 shares valued at approximately $386,000 in the first quarter.
• Institutional investors now own 87.17% of S&P Global's stock, with several hedge funds increasing their stakes during recent quarters.
• S&P Global reported a 5.8% year-over-year increase in revenue for the quarter, totaling $3.76 billion, along with an EPS of $4.43, surpassing analysts' expectations.

Caxton Associates LLP bought a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 760 shares of the business services provider's stock, valued at approximately $386,000.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in S&P Global by 20.2% during the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after buying an additional 708 shares in the last quarter. E Fund Management Co. Ltd. boosted its position 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 valued at $1,478,000 after acquiring an additional 1,088 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of S&P Global by 1.4% during 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 acquiring an additional 1,166 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of S&P Global by 5.2% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock valued at $5,513,000 after acquiring an additional 536 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG boosted its position in shares of S&P Global by 3.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock valued at $37,093,000 after acquiring an additional 2,413 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Down 6.6%

S&P Global stock traded down $35.71 during trading hours on Thursday, reaching $508.39. The company had a trading volume of 3,234,351 shares, compared to its average volume of 955,548. 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 company has a 50-day moving average price of $543.36 and a 200 day moving average price of $515.32. The firm has a market cap of $155.21 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 2.91 and a beta of 1.20. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business's revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's payout ratio is 29.54%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPGI. Citigroup lifted their price target on S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research report on Monday. BMO Capital Markets lifted their price target on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Barclays lifted their price target on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley lifted their price target on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $614.38.

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.