Vancity Investment Management Ltd Has $10.64 Million Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Vancity Investment Management cut its S&P Global stake by 49.5% in the second quarter, leaving it with 26,136 shares valued at approximately $10.64 million. Institutional investors and hedge funds collectively own 87.17% of SPGI.
• S&P Global reported quarterly revenue of $4.15 billion and earnings of $4.83 per share, exceeding analyst expectations, while revenue increased 10.4% year over year. The company reaffirmed fiscal 2026 guidance of $17.50–$17.75 in earnings per share.
• Analysts maintain a generally positive outlook, with 18 Buy ratings, one Hold and one Sell, producing a “Moderate Buy” consensus and an average price target of $523.59. S&P Global also declared a quarterly dividend of $0.97 per share, equivalent to a 0.9% annualized yield.

Vancity Investment Management Ltd trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 49.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,136 shares of the business services provider's stock after selling 25,586 shares during the quarter. S&P Global accounts for 1.6% of Vancity Investment Management Ltd's portfolio, making the stock its 28th largest position. Vancity Investment Management Ltd's holdings in S&P Global were worth $10,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in shares of S&P Global by 39,515.8% in the 2nd quarter. California State Teachers Retirement System now owns 187,868,631 shares of the business services provider's stock valued at $76,511,379,000 after acquiring an additional 187,394,404 shares in the last quarter. Norges Bank bought a new stake in S&P Global during the fourth quarter worth about $2,398,991,000. Bank of America Corp DE bought a new stake in S&P Global during the second quarter worth about $865,892,000. EdgePoint Investment Group Inc. acquired a new position in S&P Global during the first quarter valued at approximately $702,911,000. Finally, Cardano Risk Management B.V. boosted its position in S&P Global by 858.3% during the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider's stock valued at $919,879,000 after purchasing an additional 1,576,544 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Down 0.0%

Shares of SPGI opened at $443.30 on Monday. S&P Global Inc. has a 12 month low of $381.61 and a 12 month high of $552.25. The firm's 50 day moving average is $428.30 and its 200-day moving average is $425.50. The stock has a market capitalization of $130.68 billion, a PE ratio of 27.06, a P/E/G ratio of 2.14 and a beta of 1.07. 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 released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating analysts' consensus estimates of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the company posted $4.43 EPS. The company's 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. Equities research analysts forecast that S&P Global Inc. will post 17.75 EPS 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. Investors of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global's payout ratio is 23.69%.

Analyst Ratings Changes

SPGI has been the subject of several analyst reports. The Goldman Sachs Group decreased their target price on shares of 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. Citigroup upped their price target 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. Morgan Stanley cut their price target 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. Stifel Nicolaus lifted their price objective on shares of S&P Global from $489.00 to $521.00 and gave the company a "buy" rating in a research report on Friday, July 17th. Finally, Daiwa Securities Group lowered their price objective on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average 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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