Cardano Risk Management B.V. Decreases Stock Holdings in S&P Global Inc. $SPGI

Cardano Risk Management B.V. reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,024 shares of the business services provider’s stock after selling 12,683 shares during the period. Cardano Risk Management B.V.’s holdings in S&P Global were worth $62,728,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Steigerwald Gordon & Koch Inc. increased its holdings in shares of S&P Global by 15.6% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 20 shares during the last quarter. BSW Wealth Partners boosted its stake in S&P Global by 1.2% during the fourth quarter. BSW Wealth Partners now owns 1,930 shares of the business services provider’s stock worth $1,009,000 after buying an additional 22 shares during the last quarter. Webster Bank N. A. boosted its stake in S&P Global by 7.7% during the fourth quarter. Webster Bank N. A. now owns 308 shares of the business services provider’s stock worth $161,000 after buying an additional 22 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in S&P Global by 1.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock valued at $937,000 after buying an additional 22 shares in the last quarter. Finally, City Holding Co. grew its holdings in S&P Global by 0.8% in the 4th quarter. City Holding Co. now owns 2,870 shares of the business services provider’s stock valued at $1,500,000 after buying an additional 23 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

SPGI stock opened at $408.06 on Friday. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market cap of $120.30 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07. The business has a fifty day moving average of $423.21 and a two-hundred day moving average of $433.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate of $4.81 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts anticipate that S&P Global Inc. will post 17.74 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, August 26th. S&P Global’s payout ratio is 23.69%.

Analyst Ratings Changes

A number of brokerages have issued reports on SPGI. Barclays cut their target price on S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Bank of America dropped their price objective 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. Royal Bank Of Canada dropped their price objective on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Finally, BMO Capital Markets boosted their target price on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $523.59.

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.