Bank of Nova Scotia Acquires 81,289 Shares of S&P Global Inc. $SPGI

Bank of Nova Scotia boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 49.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,676 shares of the business services provider’s stock after purchasing an additional 81,289 shares during the period. Bank of Nova Scotia owned 0.08% of S&P Global worth $120,059,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of S&P Global in the second quarter valued at $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in S&P Global by 3,430.6% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after buying an additional 1,510,540 shares in the last quarter. TCI Fund Management Ltd. grew its holdings in S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares during the last quarter. Mizuho Markets Americas LLC grew its holdings in S&P Global by 104,031.3% during the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock worth $289,900,000 after acquiring an additional 595,059 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new stake in S&P Global in the 2nd quarter valued at about $310,348,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.6%

Shares of NYSE SPGI opened at $422.42 on Friday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The firm’s 50-day moving average is $474.31 and its 200-day moving average is $493.69. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $126.22 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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 business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the firm earned $3.77 earnings per share. The company’s quarterly revenue 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. Equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were paid a $0.97 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is currently 26.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SPGI shares. Wells Fargo & Company dropped their target price on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Mizuho lowered their price target on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Royal Bank Of Canada dropped 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. Barclays reaffirmed an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a report on Monday, February 23rd. Finally, William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $562.67.

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.