Canoe Financial LP Has $37.99 Million Holdings in S&P Global Inc. $SPGI

Canoe Financial LP decreased its position in S&P Global Inc. (NYSE:SPGI) by 2.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 72,704 shares of the business services provider’s stock after selling 1,680 shares during the period. Canoe Financial LP’s holdings in S&P Global were worth $37,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in S&P Global by 17.7% in the third quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock worth $32,541,000 after acquiring an additional 10,044 shares in the last quarter. Prime Capital Investment Advisors LLC raised its holdings in shares of S&P Global by 324.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock valued at $13,673,000 after purchasing an additional 21,481 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of S&P Global by 3.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock valued at $456,656,000 after purchasing an additional 30,080 shares during the last quarter. Collier Financial acquired a new stake in shares of S&P Global in the 3rd quarter valued at $2,865,000. Finally, Mawer Investment Management Ltd. boosted its holdings in S&P Global by 27.3% in the third quarter. Mawer Investment Management Ltd. now owns 168,229 shares of the business services provider’s stock worth $81,879,000 after purchasing an additional 36,078 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Morgan Stanley upped their price target on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group set a $498.00 price objective on S&P Global in a report on Wednesday, February 11th. Weiss Ratings downgraded S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Finally, Evercore set a $625.00 target price on S&P Global and gave the stock an “outperform” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $563.53.

S&P Global Stock Down 1.4%

SPGI stock opened at $406.49 on Friday. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $579.05. 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 company has a market cap of $121.46 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. The business’s 50-day simple moving average is $450.02 and its 200 day simple moving average is $485.01.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $3.89 billion. During the same quarter in the prior 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, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.0%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend was Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is 26.48%.

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.