Caisse de depot et placement du Quebec Raises Stock Position in S&P Global Inc. $SPGI

Caisse de depot et placement du Quebec grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 61.8% in the second quarter, Holdings Channel.com reports. The fund owned 197,225 shares of the business services provider’s stock after purchasing an additional 75,362 shares during the period. Caisse de depot et placement du Quebec’s holdings in S&P Global were worth $80,322,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Odyssean LLC acquired a new stake in shares of S&P Global in the 2nd quarter worth approximately $706,000. Jupiter Topco LLC acquired a new stake in shares of S&P Global during the second quarter valued at $113,189,000. ABS Investment Management LLC acquired a new stake in shares of S&P Global during the second quarter valued at $166,000. Ancora Advisors LLC increased its position in S&P Global by 65.6% during the 2nd quarter. Ancora Advisors LLC now owns 3,319 shares of the business services provider’s stock worth $1,352,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in S&P Global by 11.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 565,377 shares of the business services provider’s stock valued at $230,255,000 after purchasing an additional 57,212 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.2%

Shares of SPGI opened at $435.73 on Friday. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $552.25. The company’s fifty day moving average is $423.94 and its two-hundred day moving average is $424.16. The firm has a market cap of $128.45 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40.

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

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio is currently 23.69%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SPGI shares. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a report on Saturday, July 4th. Royal Bank Of Canada restated an “outperform” rating and set a $510.00 target price on shares of S&P Global in a research report on Wednesday. Morgan Stanley cut their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. JPMorgan Chase & Co. reduced their price target on S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Finally, Rothschild & Co Redburn decreased their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently 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.