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

Cardano Risk Management B.V. reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,024 shares of the business services provider’s stock after selling 12,683 shares during the period. Cardano Risk Management B.V. owned about 0.05% of S&P Global worth $62,728,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SPGI. Steigerwald Gordon & Koch Inc. raised its stake in shares of S&P Global by 15.6% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock worth $77,000 after buying an additional 20 shares during the period. BSW Wealth Partners grew its stake in S&P Global by 1.2% in the 4th quarter. BSW Wealth Partners now owns 1,930 shares of the business services provider’s stock valued at $1,009,000 after acquiring an additional 22 shares during the period. Webster Bank N. A. grew its stake in S&P Global by 7.7% in the 4th quarter. Webster Bank N. A. now owns 308 shares of the business services provider’s stock valued at $161,000 after acquiring an additional 22 shares during the period. Rehmann Capital Advisory Group grew its stake 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 acquiring an additional 22 shares during the period. Finally, City Holding Co. increased 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 worth $1,500,000 after acquiring an additional 23 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Mizuho upped their price objective 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. Daiwa Securities Group dropped their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Citigroup boosted their target price on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Rothschild & Co Redburn reduced their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Eighteen 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Stock Up 0.7%

Shares of SPGI opened at $408.06 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The stock has a market capitalization of $120.30 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 1.84 and a beta of 1.07. The stock has a 50 day moving average price of $423.21 and a 200 day moving average price of $433.33.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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 firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.74 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

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.