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

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

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Waterhouse Canada Inc. grew its stake in S&P Global by 128.9% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 110,261 shares of the business services provider’s stock valued at $45,805,000 after acquiring an additional 62,090 shares during the period. Syntax Research Inc. acquired a new position in S&P Global during the second quarter worth $595,000. United Community Bank raised its position in S&P Global by 24.6% during the second quarter. United Community Bank now owns 1,567 shares of the business services provider’s stock worth $638,000 after acquiring an additional 309 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in S&P Global by 3.2% during the second quarter. Concurrent Investment Advisors LLC now owns 14,848 shares of the business services provider’s stock valued at $6,047,000 after purchasing an additional 463 shares in the last quarter. Finally, NEOS Investment Management LLC lifted its holdings in S&P Global by 12.6% during the second quarter. NEOS Investment Management LLC now owns 49,481 shares of the business services provider’s stock valued at $20,152,000 after purchasing an additional 5,543 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Daiwa Securities Group decreased their price target on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Zacks Research cut S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Royal Bank Of Canada reiterated 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, Barclays decreased 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. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Price Performance

S&P Global stock opened at $450.40 on Friday. The company has a fifty day simple moving average of $427.63 and a 200-day simple moving average of $425.27. The firm has a market capitalization of $132.78 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 2.08 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $552.25.

S&P Global (NYSE:SPGI) last posted its quarterly 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 firm had revenue of $4.15 billion for 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 for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 17.75 EPS for the current fiscal 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 issued a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is presently 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.