Voleon Capital Management LP Boosts Stock Position in S&P Global Inc. $SPGI

Key Points

• Voleon Capital Management LP increased its stake in S&P Global Inc. by 6.0% during the first quarter, owning 12,850 shares valued at $6,529,000.
• S&P Global's latest earnings report showed an EPS of $4.43, exceeding analysts' expectations, with revenue increasing 5.8% year-over-year.
• The company declared a quarterly dividend of $0.96 per share, with a yield of 0.7%, set to be paid on September 10th.

Voleon Capital Management LP grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,850 shares of the business services provider's stock after buying an additional 727 shares during the quarter. Voleon Capital Management LP's holdings in S&P Global were worth $6,529,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of S&P Global by 0.4% in the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock valued at $15,130,711,000 after buying an additional 108,729 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of S&P Global by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after buying an additional 357,790 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider's stock worth $1,497,493,000 after acquiring an additional 614,809 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of S&P Global by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider's stock worth $1,403,468,000 after acquiring an additional 97,324 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of S&P Global by 11.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock worth $1,087,853,000 after acquiring an additional 224,294 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPGI. BMO Capital Markets lifted their price target on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Wells Fargo & Company lifted their price target on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Oppenheimer lifted their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. UBS Group lifted their price target on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Barclays boosted their price objective on S&P Global from $610.00 to $620.00 and gave the stock 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 issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, S&P Global presently has an average rating of "Buy" and an average price target of $611.69.

S&P Global Trading Down 1.0%

Shares of S&P Global stock traded down $5.62 during trading hours on Friday, hitting $545.26. The company's stock had a trading volume of 1,008,379 shares, compared to its average volume of 993,151. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The firm has a fifty day moving average of $542.91 and a 200-day moving average of $515.19. The stock has a market cap of $166.47 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 2.95 and a beta of 1.20. 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 (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the company posted $4.04 EPS. The company's quarterly revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 26th. S&P Global's dividend payout ratio is 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.