S&P Global Inc. $SPGI Shares Bought by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in S&P Global Inc. by 39.9%, owning approximately 0.14% of the company, valued at $223.276 million by the end of the last quarter.
• Analysts have a positive outlook on S&P Global, with a consensus rating of "Buy" and a price target averaging $611.69, following several upgrades from major firms.
• S&P Global recently reported a quarterly earnings per share of $4.43, exceeding estimates, and announced a quarterly dividend of $0.96 to shareholders.

Canada Pension Plan Investment Board grew its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 39.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 439,433 shares of the business services provider's stock after acquiring an additional 125,281 shares during the period. Canada Pension Plan Investment Board owned about 0.14% of S&P Global worth $223,276,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stegent Equity Advisors Inc. lifted its position in S&P Global by 3.1% during the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock worth $335,000 after buying an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC increased its stake in shares of S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock valued at $1,453,000 after acquiring an additional 20 shares during the last quarter. Integrated Investment Consultants LLC lifted its holdings in shares of S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock worth $387,000 after acquiring an additional 21 shares during the period. Hemington Wealth Management boosted its position in shares of S&P Global by 8.0% in the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock worth $144,000 after acquiring an additional 21 shares during the last quarter. Finally, Retirement Planning Group LLC grew its holdings in S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of recent analyst reports. Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Morgan Stanley upped their price objective on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Barclays lifted their target price on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Oppenheimer boosted their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised their price objective on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $611.69.

S&P Global Trading Down 0.4%

NYSE SPGI opened at $547.67 on Friday. The stock has a market cap of $167.20 billion, a P/E ratio of 42.13, a PEG ratio of 2.94 and a beta of 1.19. The company's fifty day simple moving average is $538.10 and its 200-day simple moving average is $514.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the firm posted $4.04 EPS. The firm's quarterly revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. S&P Global's dividend payout ratio is currently 29.54%.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.

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