Cinctive Capital Management LP Invests $2.83 Million in S&P Global Inc. $SPGI

Key Points

• Cinctive Capital Management LP has invested approximately $2.83 million in S&P Global Inc., acquiring 5,569 shares as part of its new position during the first quarter.
• S&P Global recently reported earnings per share of $4.43 for the last quarter, exceeding the consensus estimate of $4.18, with a year-over-year revenue increase of 5.8%.
• The company declared a quarterly dividend of $0.96 per share to be paid on September 10th, reflecting an annualized yield of 0.7%.

Cinctive Capital Management LP purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,569 shares of the business services provider's stock, valued at approximately $2,830,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after buying an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in S&P Global by 3.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock valued at $37,093,000 after purchasing an additional 2,413 shares during the period. GHE LLC raised its position in S&P Global by 2.1% in the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock valued at $6,725,000 after purchasing an additional 274 shares during the period. Algert Global LLC purchased a new stake in S&P Global in the fourth quarter valued at $1,584,000. Finally, Cary Street Partners Financial LLC purchased a new stake in S&P Global in the fourth quarter valued at $1,615,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 0.2%

Shares of NYSE SPGI opened at $540.21 on Friday. The stock has a fifty day simple moving average of $540.83 and a 200-day simple moving average of $514.87. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a market capitalization of $164.92 billion, a PE ratio of 41.55, a PEG ratio of 2.89 and a beta of 1.20.

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 earnings per share for the quarter, topping 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 company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the business earned $4.04 EPS. S&P Global's revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.7%. S&P Global's dividend payout ratio is 29.54%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research analyst reports. UBS Group lifted their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Wells Fargo & Company lifted their target price on S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Morgan Stanley lifted their target price 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. Barclays lifted their price objective on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Oppenheimer lifted their price objective on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $611.69.

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.

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