S&P Global Inc. $SPGI Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,136,606 shares of the business services provider’s stock after selling 34,207 shares during the period. S&P Global makes up about 0.7% of Mackenzie Financial Corp’s portfolio, making the stock its 27th biggest holding. Mackenzie Financial Corp owned about 0.38% of S&P Global worth $553,198,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada decreased 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 report on Wednesday, February 11th. Morgan Stanley boosted their target price on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Barclays restated an “overweight” rating and set a $565.00 price target on shares of S&P Global in a research note on Monday, February 23rd. Bank of America started coverage on shares of S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $562.67.

S&P Global Trading Down 2.2%

S&P Global stock opened at $435.28 on Wednesday. The stock has a 50-day moving average price of $480.05 and a 200 day moving average price of $495.99. The company has a market capitalization of $130.06 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the company posted $3.77 EPS. S&P Global’s quarterly revenue 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. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio is 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.