DRW Securities LLC Trims Stock Holdings in S&P Global Inc. $SPGI

Key Points

• DRW Securities LLC reduced its stock holdings in S&P Global Inc. by 57.2% during the first quarter, owning 1,103 shares valued at approximately $560,000.
• S&P Global's recent earnings report showed an EPS of $4.43, exceeding estimates and reflecting a 5.8% revenue growth year-over-year.
• The company declared a quarterly dividend of $0.96 per share, with a dividend payout ratio of 29.54% and a yield of 0.7%.

DRW Securities LLC trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 57.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,103 shares of the business services provider's stock after selling 1,477 shares during the period. DRW Securities LLC's holdings in S&P Global were worth $560,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Brighton Jones LLC grew its stake in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after purchasing an additional 143 shares during the period. Bank Pictet & Cie Europe AG grew its stake 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 worth $37,093,000 after purchasing an additional 2,413 shares during the period. GHE LLC grew its stake 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 worth $6,725,000 after purchasing an additional 274 shares during the period. AQR Capital Management LLC grew its stake in S&P Global by 3.5% in the fourth quarter. AQR Capital Management LLC now owns 36,404 shares of the business services provider's stock worth $18,130,000 after purchasing an additional 1,234 shares during the period. Finally, Aptus Capital Advisors LLC grew its stake in S&P Global by 22.9% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,960 shares of the business services provider's stock worth $1,972,000 after purchasing an additional 739 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Up 0.2%

S&P Global stock opened at $548.61 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The stock has a market capitalization of $167.49 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 2.94 and a beta of 1.20. The business's fifty day moving average is $538.99 and its 200 day moving average is $514.47.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same period last year, the firm 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 predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given 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 29.54%.

Analyst Ratings Changes

SPGI has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research note 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 note on Friday, August 1st. 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 note on Wednesday, July 2nd. 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 note on Tuesday, July 8th. Finally, BMO Capital Markets increased their target price 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 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. According to MarketBeat, the stock has a consensus 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.

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