Carderock Capital Management Inc. Has $6.66 Million Stock Holdings in S&P Global Inc. $SPGI

Carderock Capital Management Inc. trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 27.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 16,357 shares of the business services provider’s stock after selling 6,210 shares during the quarter. Carderock Capital Management Inc.’s holdings in S&P Global were worth $6,662,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SPGI. Brighton Jones LLC grew its position in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after acquiring an additional 143 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after acquiring an additional 75 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of S&P Global by 5.5% in the second quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock worth $893,511,000 after buying an additional 88,526 shares during the last quarter. Jump Financial LLC acquired a new position in S&P Global during the 2nd quarter worth $552,000. Finally, Main Street Financial Solutions LLC grew its position in shares of S&P Global by 17.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock valued at $1,694,000 after purchasing an additional 472 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent analyst reports. Stifel Nicolaus increased their target price on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research note on Friday, July 17th. UBS Group reduced their price objective on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Jefferies Financial Group raised their price objective on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Finally, Rothschild & Co Redburn cut their price objective 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. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock 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 company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50-day simple moving average is $423.89 and its 200-day simple moving average is $435.46. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. The firm has a market cap of $121.74 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07.

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 (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business posted $4.43 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts expect that S&P Global Inc. will post 17.74 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is 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.