Makena Capital Management LLC Increases Holdings 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 increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 88.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,141 shares of the business services provider's stock after buying an additional 16,509 shares during the period. S&P Global comprises about 1.8% of Makena Capital Management LLC's portfolio, making the stock its 17th biggest position. Makena Capital Management LLC's holdings in S&P Global were worth $17,855,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SPGI. Vanguard Group Inc. lifted its position in shares of S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock worth $15,130,711,000 after purchasing an additional 108,729 shares during the last quarter. Northern Trust Corp raised its stake in S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after buying an additional 525,347 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after buying an additional 357,790 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock worth $1,403,468,000 after buying an additional 97,324 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of S&P Global by 11.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock worth $1,087,853,000 after acquiring an additional 224,294 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of S&P Global stock traded up $3.4380 on Wednesday, reaching $557.8680. 1,553,448 shares of the stock were exchanged, compared to its average volume of 1,282,857. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $170.32 billion, a PE ratio of 42.91, a PEG ratio of 2.95 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 business has a fifty day moving average price of $531.39 and a two-hundred day moving average price of $512.95.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. The company 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 firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, research 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. Shareholders of record on Tuesday, August 26th will be given 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 is Tuesday, August 26th. S&P Global's payout ratio is presently 29.54%.

Analyst Ratings Changes

SPGI has been the topic of several research analyst reports. UBS Group raised their target price on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. BMO Capital Markets raised their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Wells Fargo & Company upped their target price on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Oppenheimer boosted their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $611.69.

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.