RDA Financial Network Purchases Shares of 1,320 S&P Global Inc. $SPGI

RDA Financial Network purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,320 shares of the business services provider’s stock, valued at approximately $538,000.

Other hedge funds have also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new stake in shares of S&P Global in the 4th quarter valued at $29,000. North Star Investment Management Corp. raised its position in S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC purchased a new position in S&P Global in the 4th quarter worth $36,000. Palisade Asset Management LLC bought a new stake in S&P Global in the third quarter worth $36,000. Finally, Swiss RE Ltd. bought a new stake in S&P Global in the fourth quarter worth $39,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research report on Saturday, July 4th. The Goldman Sachs Group decreased their price objective on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. BMO Capital Markets increased their target price on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Finally, Bank of America reduced their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research report 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Price Performance

Shares of S&P Global stock opened at $412.96 on Wednesday. The firm has a market cap of $121.74 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07. S&P Global Inc. has a 12-month low of $381.61 and a 12-month 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 company’s fifty day simple moving average is $423.89 and its two-hundred day simple moving average is $435.46.

S&P Global (NYSE:SPGI) last issued 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 net margin of 31.37% and a return on equity of 17.74%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities analysts expect that S&P Global Inc. will post 17.74 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. 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 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.