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

Quantitative Investment Management LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 127.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SPGI. Ancora Advisors LLC boosted its holdings in shares of S&P Global by 65.6% during the second quarter. Ancora Advisors LLC now owns 3,319 shares of the business services provider’s stock worth $1,352,000 after purchasing an additional 1,315 shares during the last quarter. Sigma Planning Corp increased its stake in S&P Global by 20.1% in the second quarter. Sigma Planning Corp now owns 1,388 shares of the business services provider’s stock valued at $565,000 after purchasing an additional 232 shares during the last quarter. Two Sigma Securities LLC purchased a new position in S&P Global during the second quarter worth about $1,929,000. Alyeska Investment Group L.P. purchased a new position in S&P Global during the second quarter worth about $21,948,000. Finally, Flputnam Investment Management Co. boosted its stake in S&P Global by 87.2% in the 2nd quarter. Flputnam Investment Management Co. now owns 4,009 shares of the business services provider’s stock worth $1,633,000 after buying an additional 1,867 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock opened at $442.62 on Monday. The stock’s 50-day moving average is $424.57 and its 200-day moving average is $424.15. The company has a market cap 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.

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

S&P Global Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on SPGI shares. Royal Bank Of Canada restated an “outperform” rating and issued a $510.00 price target on shares of S&P Global in a report on Wednesday, August 26th. The Goldman Sachs Group decreased their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Morgan Stanley lowered their target price on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Mizuho upped their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, Bank of America cut their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Eighteen investment 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 data from MarketBeat, the stock currently has a consensus 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.