Mackenzie Financial Corp Trims Holdings in S&P Global Inc. $SPGI

Mackenzie Financial Corp lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,136,606 shares of the business services provider’s stock after selling 34,207 shares during the period. S&P Global accounts for 0.7% of Mackenzie Financial Corp’s investment portfolio, making the stock its 27th largest position. Mackenzie Financial Corp’s holdings in S&P Global were worth $553,198,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. Jones Financial Companies Lllp grew its holdings in shares of 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 valued at $32,541,000 after purchasing an additional 10,044 shares during the period. Avantax Advisory Services Inc. raised its stake in S&P Global by 4.1% during the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after purchasing an additional 850 shares during the period. Prime Capital Investment Advisors LLC boosted its holdings in S&P Global by 324.8% in 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 during the last quarter. Envestnet Asset Management Inc. boosted its holdings in 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. Finally, Collier Financial purchased a new stake in shares of S&P Global in the 3rd quarter valued at approximately $2,865,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America initiated coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price target on the stock. Robert W. Baird set a $546.00 price objective on S&P Global in a research report on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 target price on S&P Global in a research note on Wednesday, February 11th. Wells Fargo & Company reduced their target price on 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and seventeen have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $562.67.

S&P Global Stock Performance

Shares of SPGI stock opened at $435.28 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $130.06 billion, a P/E ratio of 29.71, a P/E/G ratio of 1.97 and a beta of 1.23. The firm’s 50 day moving average price is $480.05 and its 200-day moving average price is $495.99. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05.

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

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is presently 26.48%.

S&P Global Company 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.