Danske Bank A S Trims Holdings in S&P Global Inc. $SPGI

Danske Bank A S decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,414 shares of the business services provider’s stock after selling 4,180 shares during the quarter. Danske Bank A S’s holdings in S&P Global were worth $87,322,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Rehmann Capital Advisory Group increased its stake in S&P Global by 1.2% in the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock valued at $937,000 after purchasing an additional 22 shares during the period. Salomon & Ludwin LLC boosted its stake in shares of S&P Global by 14.2% during the fourth quarter. Salomon & Ludwin LLC now owns 185 shares of the business services provider’s stock worth $99,000 after buying an additional 23 shares during the period. Washington Trust Bank boosted its stake in shares of S&P Global by 1.2% during the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock worth $987,000 after buying an additional 23 shares during the period. Hibernia Wealth Partners LLC boosted its stake in shares of S&P Global by 3.3% during the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after buying an additional 24 shares during the period. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of S&P Global by 1.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider’s stock worth $795,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 1.9%

Shares of NYSE:SPGI opened at $418.51 on Wednesday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $559.60. 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 firm’s 50-day simple moving average is $422.28 and its 200-day simple moving average is $426.80. The company has a market cap of $123.38 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 1.88 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. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the company 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 research analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

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 paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is 23.69%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SPGI shares. Daiwa Securities Group dropped their price target on 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. Morgan Stanley decreased their price objective on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Citigroup boosted their target price on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Zacks Research cut S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.