S&P Global Inc. $SPGI Stake Boosted by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board increased its S&P Global stake by 11.3% in the second quarter, bringing its holdings to 565,377 shares valued at approximately $230.3 million. Institutional investors collectively own 87.17% of the company.
• S&P Global reported quarterly EPS of $4.83, slightly exceeding estimates, while revenue rose 10.4% year over year to $4.15 billion. The stock opened at $433.18, down 0.5%, with a market capitalization of $127.7 billion.
• The company declared a quarterly dividend of $0.97 per share, equivalent to an annualized $3.88 payout and a 0.9% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $523.59.

Canada Pension Plan Investment Board lifted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 11.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 565,377 shares of the business services provider's stock after purchasing an additional 57,212 shares during the quarter. Canada Pension Plan Investment Board owned about 0.19% of S&P Global worth $230,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SPGI. Rehmann Capital Advisory Group increased its position in S&P Global by 1.2% in the third quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider's stock worth $937,000 after buying an additional 22 shares during the period. Washington Trust Bank grew its position in shares of S&P Global by 1.2% during the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider's stock worth $987,000 after acquiring an additional 23 shares during the last quarter. Hibernia Wealth Partners LLC grew its position in shares of S&P Global by 3.3% during the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider's stock worth $321,000 after acquiring an additional 24 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of S&P Global by 1.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,521 shares of the business services provider's stock worth $795,000 after acquiring an additional 25 shares during the period. Finally, Chapin Davis Inc. increased its holdings in shares of S&P Global by 1.9% in the 4th quarter. Chapin Davis Inc. now owns 1,389 shares of the business services provider's stock worth $726,000 after acquiring an additional 26 shares during the period. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Down 0.5%

SPGI stock opened at $433.18 on Wednesday. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $554.56. The company has a market capitalization of $127.70 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The firm's 50-day moving average is $423.07 and its two-hundred day moving average is $424.29. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.

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 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same period last year, the firm posted $4.43 earnings per share. The business's 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, analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of S&P Global from $557.00 to $525.00 and set an "overweight" rating for the company in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of S&P Global in a report on Monday, July 6th. Bank of America reduced their price objective on S&P Global from $575.00 to $550.00 and set a "buy" rating for the company in a research report on Friday, July 10th. Royal Bank Of Canada lowered their target price on S&P Global from $560.00 to $510.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 7th. Finally, Wall Street Zen raised S&P Global to a "hold" rating in a research note on Saturday, July 4th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.

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