Raiffeisen Bank International AG Reduces Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Raiffeisen Bank International AG reduced its S&P Global stake by 8.3% in the second quarter, selling 5,525 shares and retaining 60,859 shares valued at approximately $24.9 million.
• Institutional investors own 87.17% of S&P Global, with several firms—including Dorsey Asset Management, Troy Asset Management, and Capital International—recently establishing or expanding positions.
• S&P Global exceeded quarterly earnings and revenue expectations, reporting $4.83 in EPS and $4.15 billion in revenue. Analysts maintain a “Moderate Buy” consensus with an average price target of $523.59, while the company announced a quarterly dividend of $0.97 per share.

Raiffeisen Bank International AG lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 60,859 shares of the business services provider's stock after selling 5,525 shares during the quarter. Raiffeisen Bank International AG's holdings in S&P Global were worth $24,865,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SPGI. Dorsey Asset Management LLC bought a new position in shares of S&P Global during the first quarter valued at approximately $94,716,000. Troy Asset Management Ltd lifted its stake in shares of S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider's stock worth $21,795,000 after acquiring an additional 8,652 shares during the last quarter. Capital International Inc. CA boosted its holdings in S&P Global by 11.6% during the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider's stock valued at $36,955,000 after acquiring an additional 7,343 shares during the period. ABN Amro Investment Solutions grew its position in S&P Global by 6.3% in the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider's stock valued at $79,060,000 after acquiring an additional 8,997 shares during the last quarter. Finally, Rit Capital Partners PLC bought a new position in S&P Global in the 4th quarter valued at $44,160,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

SPGI stock opened at $450.40 on Friday. 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 business has a 50-day moving average price of $427.63 and a 200 day moving average price of $425.27. The company has a market capitalization of $132.78 billion, a P/E ratio of 27.50, a PEG ratio of 2.08 and a beta of 1.07. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25.

S&P Global (NYSE:SPGI - Get Free Report) last issued its 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 company had revenue of $4.15 billion for 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 23.69%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Robert W. Baird set a $513.00 target price on S&P Global in a research report on Wednesday. Daiwa Securities Group cut their price target on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating on the stock in a report on Wednesday, May 20th. Wall Street Zen upgraded shares of S&P Global to a "hold" rating in a report on Saturday, July 4th. UBS Group lowered their price objective on shares of 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. Finally, 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 note on Wednesday, July 29th. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global 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.

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