NEOS Investment Management LLC Purchases 5,543 Shares of S&P Global Inc. $SPGI

NEOS Investment Management LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 12.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,481 shares of the business services provider’s stock after purchasing an additional 5,543 shares during the period. NEOS Investment Management LLC’s holdings in S&P Global were worth $20,152,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $2,398,991,000. Bank of America Corp DE acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $865,892,000. EdgePoint Investment Group Inc. bought a new stake in S&P Global in the 1st quarter valued at $702,911,000. Cardano Risk Management B.V. lifted its holdings in 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 valued at $919,879,000 after purchasing an additional 1,576,544 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in S&P Global by 2,256.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock valued at $755,996,000 after purchasing an additional 1,385,249 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research reports. Morgan Stanley decreased their price objective on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. 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. 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. The Goldman Sachs Group decreased their price target 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. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $510.00 price objective on shares of S&P Global in a research report on Wednesday, August 26th. Eighteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Stock Down 1.6%

SPGI stock opened at $443.30 on Friday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $552.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $130.68 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.17 and a beta of 1.07. The business’s fifty day moving average price is $428.30 and its two-hundred day moving average price is $425.39.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the business posted $4.43 earnings per share. S&P Global’s quarterly revenue was up 10.4% on a year-over-year basis. 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 earnings per share for the current year.

S&P Global Announces Dividend

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 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 currently 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.