Trexquant Investment LP Purchases New Stake in S&P Global Inc. $SPGI

Key Points

• Trexquant Investment LP has acquired a new position in S&P Global Inc., purchasing 2,053 shares valued at approximately $1,043,000 during the first quarter.
• S&P Global reported an earnings per share (EPS) of $4.43 for the last quarter, surpassing analyst expectations of $4.18, with a revenue of $3.76 billion.
• The company recently declared a quarterly dividend of $0.96 per share, with a payout ratio of 29.54%, scheduled to be distributed on September 10th.

Trexquant Investment LP purchased a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,053 shares of the business services provider's stock, valued at approximately $1,043,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Minot DeBlois Advisors LLC purchased a new stake in S&P Global during the fourth quarter worth about $25,000. Costello Asset Management INC acquired a new stake in S&P Global during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new position in S&P Global in the 1st quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global in the first quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after purchasing an additional 31 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BMO Capital Markets boosted their price target 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. Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Barclays upped their price objective on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Morgan Stanley raised their target price on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Oppenheimer upped their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. 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. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $611.69.

S&P Global Stock Performance

NYSE:SPGI traded up $1.64 during midday trading on Tuesday, reaching $547.51. The stock had a trading volume of 631,745 shares, compared to its average volume of 1,003,596. 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 stock has a market cap of $167.16 billion, a P/E ratio of 42.12, a P/E/G ratio of 2.92 and a beta of 1.20. The firm has a fifty day simple moving average of $541.94 and a two-hundred day simple moving average of $514.81. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.S&P Global's quarterly revenue was up 5.8% compared to the same quarter last year. 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, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced 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 of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

About S&P Global

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.