RDA Financial Network Invests $538,000 in S&P Global Inc. $SPGI

RDA Financial Network acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,320 shares of the business services provider’s stock, valued at approximately $538,000.

Several other hedge funds also recently bought and sold shares of SPGI. Joseph Group Capital Management bought a new position in S&P Global in the 4th quarter valued at $29,000. North Star Investment Management Corp. grew its position in shares of S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares in the last quarter. Palladiem LLC bought a new position in shares of S&P Global in the fourth quarter worth $36,000. Palisade Asset Management LLC bought a new position in shares of S&P Global in the third quarter worth $36,000. Finally, Swiss RE Ltd. bought a new position in shares of S&P Global in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $412.96 on Wednesday. The company’s fifty day moving average price is $423.89 and its 200-day moving average price is $435.46. 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 firm has a market capitalization of $121.74 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.87 and a beta of 1.07. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted $4.43 EPS. The firm’s 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. On average, equities research analysts anticipate that S&P Global Inc. will post 17.74 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is 23.69%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SPGI shares. Evercore dropped their price objective on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Mizuho upped their target price on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. BMO Capital Markets raised their price target on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Daiwa Securities Group dropped their price target on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Finally, Stifel Nicolaus boosted their price objective on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Eighteen 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $523.59.

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.