S&P Global Inc. $SPGI Holdings Raised by Cibc World Market Inc.

Cibc World Market Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,682 shares of the business services provider’s stock after purchasing an additional 2,752 shares during the period. Cibc World Market Inc.’s holdings in S&P Global were worth $10,278,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Joseph Group Capital Management bought a new stake in shares of S&P Global in the 4th quarter worth approximately $29,000. North Star Investment Management Corp. grew its stake in S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares during the last quarter. Palladiem LLC bought a new position in S&P Global during the 4th quarter worth $36,000. Palisade Asset Management LLC acquired a new stake in S&P Global in the third quarter worth $36,000. Finally, Swiss RE Ltd. bought a new stake in S&P Global in the fourth quarter valued at $39,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Up 0.9%

SPGI opened at $435.38 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $128.35 billion, a PE ratio of 26.58, a P/E/G ratio of 1.94 and a beta of 1.07. The stock’s fifty day moving average is $423.08 and its 200-day moving average is $424.51. S&P Global Inc. has a one year low of $381.61 and a one year high of $557.06.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the business posted $4.43 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts predict that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Rothschild & Co Redburn lowered their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Jefferies Financial Group raised their target price on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. BMO Capital Markets lifted their target price on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, July 7th. Mizuho boosted their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, UBS Group reduced their price target on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $523.59.

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.