Investment Management Corp of Ontario Increases Holdings in S&P Global Inc. $SPGI

Investment Management Corp of Ontario grew its stake in S&P Global Inc. (NYSE:SPGI) by 83.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,752 shares of the business services provider’s stock after acquiring an additional 12,604 shares during the quarter. Investment Management Corp of Ontario’s holdings in S&P Global were worth $14,503,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SPGI. YANKCOM Partnership raised its position in shares of S&P Global by 7.9% in the 4th quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock worth $135,000 after purchasing an additional 19 shares during the last quarter. LeConte Wealth Management LLC boosted its stake in S&P Global by 4.1% in the 4th quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock worth $267,000 after purchasing an additional 20 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC grew its position in S&P Global by 3.3% during the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 20 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its stake in S&P Global by 15.6% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 20 shares in the last quarter. Finally, Embree Financial Group increased its stake in S&P Global by 2.0% during the 4th quarter. Embree Financial Group now owns 1,090 shares of the business services provider’s stock valued at $570,000 after purchasing an additional 21 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SPGI. Mizuho upped their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Evercore reduced their price target on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Rothschild & Co Redburn decreased their price objective on shares of S&P Global from $585.00 to $540.00 in a report on Thursday, May 7th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of S&P Global in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. increased their target price on S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Seventeen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $546.39.

S&P Global Price Performance

SPGI opened at $417.85 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $123.68 billion, a P/E ratio of 26.45, a P/E/G ratio of 1.85 and a beta of 1.08. The company’s 50-day simple moving average is $424.42 and its two-hundred day simple moving average is $457.23. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business posted $4.37 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, analysts predict that S&P Global Inc. will post 19.61 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were given a dividend of $0.97 per share. The ex-dividend date was Friday, May 29th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is 24.56%.

Insider Buying and Selling

In other news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of $434.03 per share, with a total value of $500,002.56. Following the acquisition, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Catherine R. Clay purchased 2,500 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the purchase, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by insiders.

S&P Global 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.