TD Waterhouse Canada Inc. Raises Holdings in S&P Global Inc. $SPGI

TD Waterhouse Canada Inc. lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 128.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 110,261 shares of the business services provider’s stock after acquiring an additional 62,090 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in S&P Global were worth $45,805,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Dorsey Asset Management LLC bought a new stake in S&P Global during the 1st quarter valued at $94,716,000. Troy Asset Management Ltd lifted its position in shares of S&P Global by 26.2% during the fourth quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock worth $21,795,000 after acquiring an additional 8,652 shares in the last quarter. Capital International Inc. CA boosted its holdings in shares of S&P Global by 11.6% in the fourth quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock worth $36,955,000 after acquiring an additional 7,343 shares during the period. ABN Amro Investment Solutions boosted its holdings in shares of S&P Global by 6.3% in the fourth quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock worth $79,060,000 after acquiring an additional 8,997 shares during the period. Finally, Rit Capital Partners PLC purchased a new position in shares of S&P Global in the fourth quarter valued at $44,160,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 4.3%

SPGI opened at $450.40 on Friday. The company has a fifty day moving average price of $427.63 and a 200-day moving average price of $425.27. The firm has a market capitalization of $132.78 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 2.08 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. S&P Global Inc. has a one year low of $381.61 and a one year high of $552.25.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities research analysts expect that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is presently 23.69%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of analyst reports. Daiwa Securities Group decreased their price objective on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Stifel Nicolaus raised their target price on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Citigroup lifted their target price on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Finally, Zacks Research downgraded shares of S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $523.59.

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.