S&P Global Inc. $SPGI Shares Sold by Canoe Financial LP

Canoe Financial LP cut its stake in S&P Global Inc. (NYSE:SPGI) by 27.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,576 shares of the business services provider’s stock after selling 20,128 shares during the quarter. Canoe Financial LP’s holdings in S&P Global were worth $22,363,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPGI. Joseph Group Capital Management acquired a new stake in S&P Global in the fourth quarter valued at approximately $29,000. North Star Investment Management Corp. lifted its position in shares of S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares in the last quarter. Palisade Asset Management LLC acquired a new position in shares of S&P Global during the third quarter worth $36,000. Palladiem LLC acquired a new position in shares of S&P Global during the fourth quarter worth $36,000. Finally, Ameriflex Group Inc. boosted its stake in shares of S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In related news, CEO Martina Cheung bought 2,322 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was bought at an average price of $429.93 per share, with a total value of $998,297.46. Following the transaction, the chief executive officer owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Catherine R. Clay bought 2,500 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the purchase, the chief executive officer owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 5,974 shares of company stock valued at $2,576,775. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SPGI shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of S&P Global in a report on Tuesday, April 28th. Weiss Ratings lowered shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. 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 report on Wednesday, May 20th. Rothschild & Co Redburn lowered their target price on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Finally, Jefferies Financial Group lifted their target price on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Eighteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $545.28.

S&P Global Stock Performance

S&P Global stock opened at $409.88 on Monday. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $579.05. 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 stock has a market cap of $121.32 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The stock has a 50 day moving average of $421.36 and a 200-day moving average of $452.77.

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

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is currently 24.56%.

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.