S&P Global Inc. $SPGI Shares Sold by Canoe Financial LP

Canoe Financial LP reduced its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,995 shares of the business services provider's stock after selling 5,144 shares during the quarter. Canoe Financial LP's holdings in S&P Global were worth $16,689,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in S&P Global by 2.2% during the 2nd quarter. State Street Corp now owns 14,482,789 shares of the business services provider's stock valued at $5,898,261,000 after purchasing an additional 307,255 shares in the last quarter. Unisphere Establishment lifted its stake in shares of S&P Global by 6.5% in the first quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider's stock valued at $905,995,000 after buying an additional 130,050 shares in the last quarter. Bank of America Corp DE bought a new position in shares of S&P Global in the second quarter valued at $865,892,000. Soroban Capital Partners LP lifted its stake in shares of S&P Global by 260.3% in the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider's stock valued at $718,247,000 after buying an additional 1,219,990 shares in the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new position in shares of S&P Global during the first quarter valued at about $702,911,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citigroup boosted their target price on shares of S&P Global from $454.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Zacks Research upgraded shares of S&P Global from a "strong sell" rating to a "hold" rating in a report on Monday, September 14th. UBS Group dropped their price target on shares of S&P Global from $550.00 to $525.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. The Goldman Sachs Group cut their price target on S&P Global from $539.00 to $490.00 and set a "buy" rating for the company in a research note on Wednesday, July 1st. Finally, Barclays cut their price target on S&P Global from $555.00 to $553.00 and set an "overweight" rating for the company in a research note on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $515.88.

S&P Global Stock Up 1.2%

SPGI opened at $443.38 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market cap of $130.71 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.13 and a beta of 1.09. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25. The company's 50-day moving average price is $417.48 and its two-hundred day moving average price is $421.60.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the business posted $4.43 EPS. S&P Global's quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities analysts expect that S&P Global Inc. will post 17.69 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, December 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. S&P Global's dividend payout ratio is currently 23.69%.

S&P Global Profile

S&P Global NYSE: SPGI is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.

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