Caxton Associates LLP Takes $2.99 Million Position in S&P Global Inc. $SPGI

Caxton Associates LLP acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the 1st quarter, Holdings Channel.com reports. The firm acquired 7,040 shares of the business services provider’s stock, valued at approximately $2,994,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in S&P Global in the fourth quarter valued at about $2,398,991,000. Cardano Risk Management B.V. boosted its stake in shares of S&P Global by 858.3% during the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after acquiring an additional 1,576,544 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of S&P Global by 2,256.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock worth $755,996,000 after acquiring an additional 1,385,249 shares during the period. Capital International Investors grew its holdings in shares of S&P Global by 43.6% in the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock worth $1,587,910,000 after acquiring an additional 922,433 shares during the period. Finally, TCI Fund Management Ltd. increased its stake in S&P Global by 5.4% in the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after purchasing an additional 600,440 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $426.19 on Friday. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $126.15 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. The business has a 50 day simple moving average of $423.27 and a 200 day simple moving average of $442.10.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm posted $4.37 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post 18.37 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio is currently 24.56%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Bank of America cut their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Mizuho upped their price target on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Jefferies Financial Group raised their price objective on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Robert W. Baird lifted their price objective on S&P Global from $520.00 to $521.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Royal Bank Of Canada decreased their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Eighteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $533.59.

Insider Buying and Selling at S&P Global

In related news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the acquisition, the director directly owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Martina Cheung acquired 2,322 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the purchase, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 5,974 shares of company stock valued at $2,576,775. Company insiders own 0.03% of the company’s stock.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.