Makena Capital Management LLC Has $17.86 Million Position in S&P Global Inc. $SPGI

Key Points

• Makena Capital Management LLC increased its holdings in S&P Global Inc. by 88.6%, acquiring an additional 16,509 shares during the first quarter, bringing its total to 35,141 shares valued at approximately $17.85 million.
• S&P Global reported earnings of $4.43 per share, exceeding analysts' expectations, with a revenue of $3.76 billion, reflecting a 5.8% increase compared to the same quarter last year.
• The company has declared a quarterly dividend of $0.96, with an annualized payout of $3.84 and a yield of 0.7%.

Makena Capital Management LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 88.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,141 shares of the business services provider's stock after acquiring an additional 16,509 shares during the quarter. S&P Global comprises about 1.8% of Makena Capital Management LLC's investment portfolio, making the stock its 17th biggest holding. Makena Capital Management LLC's holdings in S&P Global were worth $17,855,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new position in S&P Global in the fourth quarter worth approximately $25,000. Cheviot Value Management LLC acquired a new position in S&P Global in the first quarter worth approximately $26,000. Costello Asset Management INC acquired a new position in S&P Global in the first quarter worth approximately $26,000. Anderson Financial Strategies LLC acquired a new position in S&P Global in the fourth quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in S&P Global in the first quarter worth approximately $28,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent research reports. Barclays lifted their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Stifel Nicolaus lowered their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird lowered their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $611.69.

S&P Global Stock Up 0.9%

Shares of NYSE:SPGI traded up $5.1140 during trading on Friday, reaching $557.5540. 532,227 shares of the company traded hands, compared to its average volume of 1,276,158. The firm has a fifty day simple moving average of $533.20 and a 200 day simple moving average of $513.49. The firm has a market cap of $170.22 billion, a P/E ratio of 42.90, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business earned $4.04 EPS. S&P Global's quarterly 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. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 0.7%. S&P Global's 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.