Maverick Capital Ltd. Grows Holdings in S&P Global Inc. $SPGI

Key Points

• Maverick Capital Ltd. increased its stake in S&P Global Inc. by 114.3% during the first quarter, now holding 1,198 shares valued at $609,000.
• S&P Global announced a quarterly dividend of $0.96, with an annualized dividend yield of 0.7%, to be paid on September 10th.
• Analysts have raised their price targets for S&P Global, with JPMorgan increasing its target from $575.00 to $625.00 and maintaining an "overweight" rating.

Maverick Capital Ltd. boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 114.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,198 shares of the business services provider's stock after acquiring an additional 639 shares during the quarter. Maverick Capital Ltd.'s holdings in S&P Global were worth $609,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SPGI. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter valued at about $25,000. Cheviot Value Management LLC acquired a new stake in shares of S&P Global in the first quarter worth $26,000. Costello Asset Management INC purchased a new stake in shares of S&P Global in the first quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global during the first quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after acquiring an additional 31 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

S&P Global stock traded down $2.65 during trading hours on Friday, hitting $537.61. The stock had a trading volume of 920,331 shares, compared to its average volume of 1,267,291. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The stock has a market capitalization of $164.13 billion, a price-to-earnings ratio of 41.35, a PEG ratio of 2.89 and a beta of 1.20. The stock's fifty day moving average is $540.83 and its two-hundred day moving average is $514.87. 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 (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, topping 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 for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the firm earned $4.04 EPS. The business's revenue for the quarter 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. As a group, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is 29.54%.

Analysts Set New Price Targets

SPGI has been the subject of several research reports. Wells Fargo & Company upped their price objective on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. BMO Capital Markets lifted their target price on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Morgan Stanley increased their price objective on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Barclays increased 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 note on Thursday, July 31st. Finally, Oppenheimer upped their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, 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.