CIBC Asset Management Inc Has $47.51 Million Holdings in S&P Global Inc. $SPGI

CIBC Asset Management Inc increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 48.1% during the fourth quarter, Holdings Channel reports. The fund owned 90,915 shares of the business services provider’s stock after acquiring an additional 29,519 shares during the quarter. CIBC Asset Management Inc’s holdings in S&P Global were worth $47,511,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new position in S&P Global in the 4th quarter valued at approximately $29,000. North Star Investment Management Corp. increased its stake in S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after buying an additional 35 shares during the period. Palisade Asset Management LLC acquired a new position in S&P Global in the 3rd quarter valued at approximately $36,000. Ameriflex Group Inc. increased its stake in S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after buying an additional 48 shares during the period. Finally, Ares Financial Consulting LLC acquired a new position in S&P Global in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE SPGI opened at $412.69 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $424.01 and a 200 day simple moving average of $462.16. The company has a market cap of $122.16 billion, a P/E ratio of 26.12, a P/E/G ratio of 1.78 and a beta of 1.08. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05.

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

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 29th will be issued a $0.97 dividend. The ex-dividend date of this dividend is 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%.

Analysts Set New Price Targets

Several research firms have weighed in on SPGI. Jefferies Financial Group upped their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Wells Fargo & Company decreased their target price on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Mizuho boosted 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 report on Tuesday, May 5th. Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Finally, Rothschild & Co Redburn decreased their target price on shares of S&P Global from $585.00 to $540.00 in a research report on Thursday, May 7th. Seventeen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $546.39.

Insider Buying and Selling at S&P Global

In related news, CEO Catherine R. Clay purchased 2,500 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the transaction, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the transaction, the director directly owned 1,152 shares in the company, valued at approximately $500,002.56. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 5,974 shares of company stock valued at $2,576,775 in the last ninety days. Company insiders own 0.03% of the company’s stock.

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.