S&P Global Inc. $SPGI Position Lifted by Onex Canada Asset Management Inc.

Onex Canada Asset Management Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,478 shares of the business services provider’s stock after buying an additional 1,724 shares during the period. S&P Global comprises 3.4% of Onex Canada Asset Management Inc.’s investment portfolio, making the stock its 8th largest position. Onex Canada Asset Management Inc.’s holdings in S&P Global were worth $27,002,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of S&P Global in the 2nd quarter valued at $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in S&P Global by 3,430.6% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after purchasing an additional 1,510,540 shares during the period. TCI Fund Management Ltd. boosted its position in S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after purchasing an additional 730,354 shares during the period. Mizuho Markets Americas LLC increased its holdings in S&P Global by 104,031.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after purchasing an additional 595,059 shares in the last quarter. Finally, ABN AMRO Bank N.V. acquired a new stake in S&P Global in the 2nd quarter valued at $310,348,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Up 0.6%

Shares of NYSE SPGI opened at $422.42 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $474.31 and its two-hundred day moving average price is $494.10. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The stock has a market capitalization of $126.22 billion, a P/E ratio of 28.83, a PEG ratio of 1.86 and a beta of 1.23.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.02). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the business posted $3.77 EPS. S&P Global’s revenue was up 9.0% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were issued a $0.97 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 25th. S&P Global’s dividend payout ratio is presently 26.48%.

Analyst Ratings Changes

SPGI has been the topic of a number of recent research reports. BMO Capital Markets reduced their price objective on S&P Global from $601.00 to $482.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Weiss Ratings lowered S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Stifel Nicolaus reduced their price target on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 price target on S&P Global in a report on Wednesday, February 11th. Finally, Robert W. Baird set a $546.00 price objective on shares of S&P Global in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $562.67.

About S&P Global

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.