Knollwood Investment Advisory LLC Trims Stock Holdings in S&P Global Inc. $SPGI

Knollwood Investment Advisory LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 73.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,848 shares of the business services provider’s stock after selling 7,757 shares during the quarter. Knollwood Investment Advisory LLC’s holdings in S&P Global were worth $1,160,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Rehmann Capital Advisory Group increased its holdings in shares of S&P Global by 1.2% in 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 lifted its holdings in shares of S&P Global by 1.2% during the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock worth $987,000 after purchasing an additional 23 shares during the period. Hibernia Wealth Partners LLC boosted its position in S&P Global by 3.3% in the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock valued at $321,000 after buying an additional 24 shares during the last quarter. Prestige Wealth Management Group LLC boosted its position in S&P Global by 2.8% in the fourth quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider’s stock valued at $494,000 after buying an additional 26 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its position in S&P Global by 1.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 2,272 shares of the business services provider’s stock valued at $925,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 4.3%

Shares of NYSE:SPGI opened at $450.40 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $552.25. The business has a 50 day moving average of $427.63 and a two-hundred day moving average of $425.27. The company has a market capitalization of $132.78 billion, a PE ratio of 27.50, a PEG ratio of 2.08 and a beta of 1.07.

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

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s payout ratio is presently 23.69%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SPGI shares. Citigroup raised their price target on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group cut their price objective on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Bank of America reduced their target price on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Finally, Rothschild & Co Redburn lowered their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $523.59.

About S&P Global

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.