S&P Global Inc. $SPGI Shares Purchased by Cibc World Market Inc.

Key Points

• CIBC World Markets increased its S&P Global stake by 11.5% in the second quarter, bringing its holdings to 26,682 shares valued at approximately $10.3 million. Institutional investors and hedge funds collectively own 87.17% of SPGI.
• S&P Global reported quarterly EPS of $4.83, slightly above estimates, while revenue reached $4.15 billion, up 10.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $17.50–$17.75.
• The company declared a quarterly dividend of $0.97 per share, implying an annualized dividend of $3.88 and a 0.9% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $523.59.

Cibc World Market Inc. grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 11.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,682 shares of the business services provider's stock after buying an additional 2,752 shares during the quarter. Cibc World Market Inc.'s holdings in S&P Global were worth $10,278,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SPGI. State Street Corp grew its stake in shares of S&P Global by 1.1% in the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider's stock valued at $7,451,971,000 after buying an additional 157,301 shares in the last quarter. TCI Fund Management Ltd. lifted its position in S&P Global by 5.4% during the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider's stock worth $6,161,498,000 after acquiring an additional 600,440 shares in the last quarter. Morgan Stanley lifted its position in S&P Global by 3.3% during the 4th quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider's stock worth $4,354,796,000 after acquiring an additional 263,051 shares in the last quarter. Norges Bank purchased a new position in S&P Global in the 4th quarter worth approximately $2,398,991,000. Finally, Capital International Investors boosted its holdings in S&P Global by 43.6% in the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider's stock worth $1,587,910,000 after acquiring an additional 922,433 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Up 0.9%

SPGI stock opened at $435.38 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The firm has a 50 day simple moving average of $423.08 and a 200-day simple moving average of $424.51. The company has a market capitalization of $128.35 billion, a P/E ratio of 26.58, a PEG ratio of 1.94 and a beta of 1.07. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $557.06.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts' consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm's revenue was up 10.4% compared to the same quarter last year. 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. On average, equities research analysts predict that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid 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 dividend payout ratio is 23.69%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Rothschild & Co Redburn dropped their price objective on shares of S&P Global from $540.00 to $520.00 and set a "buy" rating on the stock in a research note on Thursday, June 18th. Stifel Nicolaus upped their target price on shares of S&P Global from $489.00 to $521.00 and gave the company a "buy" rating in a research note on Friday, July 17th. UBS Group lowered 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 report on Tuesday, July 7th. Wall Street Zen raised shares of S&P Global to a "hold" rating in a research note on Saturday, July 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $555.00 to $530.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Eighteen 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's stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and a consensus target price of $523.59.

About S&P Global

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.

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