S&P Global Inc. $SPGI Stock Holdings Trimmed by Canoe Financial LP

Canoe Financial LP decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,704 shares of the business services provider’s stock after selling 1,680 shares during the quarter. Canoe Financial LP’s holdings in S&P Global were worth $37,994,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC lifted its stake in shares of S&P Global by 4.7% in the 4th 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 during the period. Sivia Capital Partners LLC raised its holdings in S&P Global by 7.8% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after purchasing an additional 75 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in S&P Global by 6.6% in the second quarter. J.W. Cole Advisors Inc. now owns 787 shares of the business services provider’s stock worth $415,000 after purchasing an additional 49 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in S&P Global by 11.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 132,584 shares of the business services provider’s stock worth $69,910,000 after purchasing an additional 13,274 shares during the period. Finally, Scotia Capital Inc. boosted its stake in S&P Global by 5.5% during the 2nd quarter. Scotia Capital Inc. now owns 7,692 shares of the business services provider’s stock valued at $4,055,000 after purchasing an additional 398 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SPGI shares. Royal Bank Of Canada lowered their price target on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Mizuho decreased their target price on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Wells Fargo & Company lowered their target price on S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. UBS Group dropped their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus cut their price target on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $563.53.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $406.49 on Friday. The company has a market capitalization of $121.46 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day moving average of $450.02 and a 200-day moving average of $485.01. 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 announced its earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) 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 analyst estimates of $3.89 billion. During the same period last year, the firm earned $3.77 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio is presently 26.48%.

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.