Redwood Investments LLC Grows Stock Position in S&P Global Inc. $SPGI

Key Points

• Redwood Investments LLC significantly increased its stake in S&P Global Inc. by 260.8% during the first quarter, acquiring an additional 7,096 shares, totaling nearly $5 million in holdings.
• S&P Global reported strong earnings, with EPS of $4.43 for the last quarter, surpassing estimates, and projected FY 2025 EPS guidance of 17.000-17.250.
• The company declared a quarterly dividend of $0.96, with a yield of 0.7%, to be paid on September 10th to shareholders of record as of August 26th.

Redwood Investments LLC boosted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 260.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,817 shares of the business services provider's stock after purchasing an additional 7,096 shares during the period. S&P Global accounts for about 1.9% of Redwood Investments LLC's portfolio, making the stock its 16th biggest holding. Redwood Investments LLC's holdings in S&P Global were worth $4,988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in S&P Global by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after purchasing an additional 708 shares in the last quarter. E Fund Management Co. Ltd. increased its stake in shares of S&P Global by 59.7% in the first quarter. E Fund Management Co. Ltd. now owns 2,909 shares of the business services provider's stock valued at $1,478,000 after buying an additional 1,088 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of S&P Global by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock valued at $44,102,000 after buying an additional 1,166 shares during the period. Linden Thomas Advisory Services LLC increased its stake in shares of S&P Global by 5.2% in the first quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock valued at $5,513,000 after buying an additional 536 shares during the period. Finally, Bank Pictet & Cie Europe AG increased its stake in shares of 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 valued at $37,093,000 after buying an additional 2,413 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Down 1.0%

Shares of SPGI stock traded down $5.62 during trading hours on Friday, reaching $545.26. The company had a trading volume of 1,008,379 shares, compared to its average volume of 993,151. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day simple moving average of $542.91 and a 200-day simple moving average of $515.19. The company has a market cap of $166.47 billion, a price-to-earnings ratio of 41.94, a price-to-earnings-growth ratio of 2.95 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Morgan Stanley upped their target price on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. UBS Group upped their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Oppenheimer upped their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Barclays upped their target price on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, S&P Global presently has a consensus rating of "Buy" and a consensus price target 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.