Graham Capital Management L.P. Has $5.27 Million Stock Position in S&P Global Inc. $SPGI

Key Points

• Graham Capital Management L.P. has reduced its stake in S&P Global Inc. by 63.2% during the first quarter, now owning 10,374 shares valued at approximately $5.27 million.
• S&P Global reported earnings of $4.43 per share for the last quarter, exceeding expectations, with revenues reaching $3.76 billion, an increase of 5.8% year-over-year.
• The company's quarterly dividend of $0.96 per share will be paid on September 10, representing an annual yield of 0.7%.

Graham Capital Management L.P. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 63.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,374 shares of the business services provider's stock after selling 17,817 shares during the period. Graham Capital Management L.P.'s holdings in S&P Global were worth $5,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SPGI. Brighton Jones LLC boosted its holdings in S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after buying an additional 143 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in S&P Global by 3.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after buying an additional 2,413 shares during the last quarter. GHE LLC boosted its holdings in S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after buying an additional 274 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of S&P Global by 3.5% during the 4th quarter. AQR Capital Management LLC now owns 36,404 shares of the business services provider's stock valued at $18,130,000 after purchasing an additional 1,234 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in S&P Global during the 4th quarter worth approximately $1,379,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 1.6%

Shares of NYSE:SPGI traded down $8.77 during midday trading on Tuesday, hitting $539.67. The stock had a trading volume of 1,069,568 shares, compared to its average volume of 1,048,602. S&P Global Inc. has a 12 month low of $427.14 and a 12 month 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. The business's 50-day simple moving average is $539.99 and its 200-day simple moving average is $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 released its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm's revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, sell-side analysts forecast 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 will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued 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 dividend yield of 0.7%. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

Wall Street Analysts Forecast Growth

Several analysts have commented on SPGI shares. Morgan Stanley raised their target price on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. UBS Group raised their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Finally, Barclays boosted their target price on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. One equities research 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. According to MarketBeat, the stock has an average 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.