S&P Global Inc. $SPGI Shares Acquired by Quantitative Investment Management LLC

Quantitative Investment Management LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 127.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,033 shares of the business services provider’s stock after acquiring an additional 5,061 shares during the period. Quantitative Investment Management LLC’s holdings in S&P Global were worth $3,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Rehmann Capital Advisory Group raised its stake in shares of S&P Global by 1.2% during the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock valued at $937,000 after purchasing an additional 22 shares during the period. Washington Trust Bank boosted its stake in shares of S&P Global by 1.2% in the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock valued at $987,000 after purchasing an additional 23 shares during the period. Hibernia Wealth Partners LLC grew its holdings in S&P Global by 3.3% during the 1st quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 24 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in S&P Global by 2.8% during the 4th quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 26 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC increased its stake in S&P Global by 1.2% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,272 shares of the business services provider’s stock worth $925,000 after buying an additional 26 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group cut their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Barclays dropped their target price on S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. BMO Capital Markets boosted their price target on S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada restated an “outperform” rating and set a $510.00 price objective on shares of S&P Global in a research note on Wednesday, August 26th. Finally, Citigroup lifted their price objective on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Trading Down 0.1%

NYSE SPGI opened at $442.62 on Monday. The company has a market capitalization of $130.48 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.99 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $552.25. The company’s fifty day moving average price is $424.57 and its two-hundred day moving average price is $424.15.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid 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 (DPR) is 23.69%.

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.