TD Waterhouse Canada Inc. Raises Position in S&P Global Inc. $SPGI

Key Points

• TD Waterhouse Canada increased its S&P Global stake by 128.9% in the second quarter, bringing its holdings to 110,261 shares valued at approximately $45.8 million. Institutional investors collectively own 87.17% of the company.
• S&P Global reported quarterly earnings of $4.83 per share and revenue of $4.15 billion, exceeding analyst expectations, while revenue rose 10.4% year over year. The company also maintained its outlook for fiscal 2026 EPS of $17.50–$17.75.
• Analysts remain broadly positive, with 18 Buy ratings and an average price target of $523.59 versus a recent share price of $450.40. S&P Global declared a quarterly dividend of $0.97 per share, representing a 0.9% annualized yield.

TD Waterhouse Canada Inc. lifted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 128.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,261 shares of the business services provider's stock after buying an additional 62,090 shares during the period. TD Waterhouse Canada Inc.'s holdings in S&P Global were worth $45,805,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in S&P Global by 1.1% in the 4th 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 during the last quarter. TCI Fund Management Ltd. boosted its holdings 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 during the last quarter. Morgan Stanley grew its stake in shares of S&P Global by 3.3% in 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 stake in shares of S&P Global in the fourth quarter valued at about $2,398,991,000. Finally, Capital International Investors raised its holdings in shares of S&P Global by 43.6% in the fourth quarter. Capital International Investors now owns 3,037,912 shares of the business services provider's stock valued at $1,587,910,000 after purchasing an additional 922,433 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $450.40 on Friday. The company has a market capitalization of $132.78 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 2.08 and a beta of 1.07. The company's 50-day moving average is $427.63 and its 200 day moving average is $425.27. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $552.25.

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, 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 net margin of 31.37% and a return on equity of 17.74%. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities research analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 dividend yield of 0.9%. S&P Global's dividend payout ratio (DPR) is presently 23.69%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of S&P Global from $495.00 to $505.00 and gave the stock an "outperform" rating in a report on Tuesday, July 7th. Daiwa Securities Group decreased their price objective on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. Royal Bank Of Canada reissued an "outperform" rating and set a $510.00 target price on shares of S&P Global in a research report on Wednesday, August 26th. Rothschild & Co Redburn cut their target price on 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. Finally, UBS Group reduced their target price on S&P Global from $550.00 to $525.00 and set a "buy" rating for the company in a report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source