Bank of Montreal Can Lowers Stock Holdings in S&P Global Inc. $SPGI

Bank of Montreal Can cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 712,220 shares of the business services provider’s stock after selling 23,664 shares during the quarter. Bank of Montreal Can owned approximately 0.24% of S&P Global worth $346,645,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SPGI. MTM Investment Management LLC purchased a new stake in shares of S&P Global in the second quarter valued at approximately $27,000. J.Safra Asset Management Corp purchased a new position in S&P Global during the 3rd quarter worth $29,000. Howard Hughes Medical Institute purchased a new position in S&P Global during the 2nd quarter worth $36,000. First Pacific Financial raised its position in S&P Global by 51.0% during the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares in the last quarter. Finally, Ameriflex Group Inc. raised its position in S&P Global by 171.4% during the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 1.5%

Shares of NYSE:SPGI opened at $445.69 on Tuesday. The company has a market capitalization of $133.17 billion, a PE ratio of 30.42, a P/E/G ratio of 2.00 and a beta of 1.23. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The business’s fifty day simple moving average is $481.89 and its 200-day simple moving average is $496.84.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The company had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the company earned $3.77 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s payout ratio is currently 26.48%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPGI. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Morgan Stanley lifted their price objective on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Royal Bank Of Canada lowered their price objective on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. Mizuho cut their target price on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group set a $498.00 price target on shares of S&P Global in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the stock. According to MarketBeat, S&P Global currently has a consensus rating of “Buy” and an average target price of $562.67.

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.