Cibc World Market Inc. Sells 32,278 Shares of S&P Global Inc. $SPGI

Cibc World Market Inc. lessened its position in S&P Global Inc. (NYSE:SPGI) by 64.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,129 shares of the business services provider’s stock after selling 32,278 shares during the quarter. Cibc World Market Inc.’s holdings in S&P Global were worth $9,474,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. YANKCOM Partnership lifted its holdings in shares of S&P Global by 7.9% in the 4th quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock worth $135,000 after acquiring an additional 19 shares during the last quarter. LeConte Wealth Management LLC lifted its holdings in shares of S&P Global by 4.1% in the 4th quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock worth $267,000 after acquiring an additional 20 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC lifted its holdings in shares of S&P Global by 3.3% in the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock worth $330,000 after acquiring an additional 20 shares during the last quarter. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of S&P Global by 15.6% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock worth $77,000 after acquiring an additional 20 shares during the last quarter. Finally, Centerpoint Advisors LLC lifted its holdings in shares of S&P Global by 2.5% in the 3rd quarter. Centerpoint Advisors LLC now owns 859 shares of the business services provider’s stock worth $418,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.2%

Shares of S&P Global stock opened at $425.16 on Friday. The firm’s 50 day moving average price is $424.53 and its 200-day moving average price is $461.38. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a market cap of $125.85 billion, a P/E ratio of 26.91, a PEG ratio of 1.81 and a beta of 1.08.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $4.37 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 19.61 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 29th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s payout ratio is presently 24.56%.

Insider Transactions at S&P Global

In other news, CEO Martina Cheung acquired 2,322 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were purchased at an average price of $429.93 per share, with a total value of $998,297.46. Following the transaction, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the transaction, the director owned 1,152 shares in the company, valued at approximately $500,002.56. The trade was a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 5,974 shares of company stock valued at $2,576,775 in the last 90 days. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SPGI. Rothschild & Co Redburn lowered their target price on shares of S&P Global from $585.00 to $540.00 in a report on Thursday, May 7th. Royal Bank Of Canada decreased their price objective on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of S&P Global in a report on Tuesday, April 28th. BMO Capital Markets lifted their price objective on shares of S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Seventeen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $546.39.

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.