S&P Global Inc. $SPGI Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 905,469 shares of the business services provider’s stock after selling 8,313 shares during the quarter. S&P Global makes up 0.8% of CIBC Private Wealth Group LLC’s portfolio, making the stock its 26th largest holding. CIBC Private Wealth Group LLC’s holdings in S&P Global were worth $440,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MTM Investment Management LLC acquired a new position in S&P Global during the 2nd quarter valued at approximately $27,000. J.Safra Asset Management Corp bought a new position in S&P Global during the 3rd quarter worth $29,000. Howard Hughes Medical Institute acquired a new stake in S&P Global in the second quarter worth $36,000. First Pacific Financial lifted its stake in S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares during the last quarter. Finally, Palisade Asset Management LLC bought a new stake in S&P Global in the third quarter valued at $36,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 1.6%

NYSE:SPGI opened at $433.28 on Wednesday. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The stock has a market cap of $129.46 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.89 and a beta of 1.23. The business has a fifty day moving average of $470.07 and a 200-day moving average of $491.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82.

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

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were paid 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 was Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio is 26.48%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SPGI. BMO Capital Markets upped their price target on shares of S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday. 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. Mizuho reduced their target price on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Royal Bank Of Canada decreased their target price on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Finally, UBS Group dropped their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. One 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $563.53.

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.