Point72 Europe London LLP Buys 15,400 Shares of S&P Global Inc. $SPGI

Key Points

• Point72 Europe London LLP increased its holdings in S&P Global Inc. by 71% in Q1, now owning 37,100 shares valued at approximately $18.85 million.
• Several hedge funds have also made new investments in S&P Global, contributing to institutional investors holding approximately 87.17% of the company's stock.
• Analysts have raised their price targets for S&P Global, with a consensus target of $611.69 and a majority rating the stock as a "Buy."

Point72 Europe London LLP increased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 71.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,100 shares of the business services provider's stock after buying an additional 15,400 shares during the quarter. S&P Global accounts for approximately 1.3% of Point72 Europe London LLP's holdings, making the stock its 24th biggest holding. Point72 Europe London LLP's holdings in S&P Global were worth $18,851,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SPGI. Minot DeBlois Advisors LLC purchased a new position in shares of S&P Global in the fourth quarter worth $25,000. Cheviot Value Management LLC purchased a new stake in shares of S&P Global in the 1st quarter worth about $26,000. Costello Asset Management INC bought a new position in S&P Global in the 1st quarter worth about $26,000. Anderson Financial Strategies LLC bought a new position in S&P Global in the 4th quarter worth about $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in S&P Global in the 1st quarter worth about $28,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Oppenheimer upped their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Morgan Stanley upped 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 note on Friday, August 1st. BMO Capital Markets upped their target price on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Barclays upped their target price on shares of 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, UBS Group upped their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, S&P Global presently has an average rating of "Buy" and an average target price of $611.69.

S&P Global Price Performance

SPGI traded down $8.77 during trading on Tuesday, reaching $539.67. 1,069,568 shares of the company traded hands, compared to its average volume of 1,048,602. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The firm has a fifty day simple moving average of $539.99 and a 200 day simple moving average of $514.70. The company has a market cap of $164.76 billion, a P/E ratio of 41.51, a PEG ratio of 2.94 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company's revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm posted $4.04 EPS. 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 EPS for the current year.

S&P Global Announces Dividend

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

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.