Bank of Nova Scotia Buys 81,289 Shares of S&P Global Inc. $SPGI

Bank of Nova Scotia lifted its position in S&P Global Inc. (NYSE:SPGI) by 49.2% during the third quarter, HoldingsChannel.com reports. The fund owned 246,676 shares of the business services provider’s stock after purchasing an additional 81,289 shares during the period. Bank of Nova Scotia’s holdings in S&P Global were worth $120,059,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SPGI. Jones Financial Companies Lllp grew its stake 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 valued at $32,541,000 after acquiring an additional 10,044 shares during the period. Avantax Advisory Services Inc. raised its position in shares of 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 raised its position in shares of S&P Global by 324.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock worth $13,673,000 after purchasing an additional 21,481 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of S&P Global by 3.3% during 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 in the last quarter. Finally, Collier Financial acquired a new position in shares of S&P Global in the 3rd quarter valued at approximately $2,865,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.6%

NYSE SPGI opened at $422.42 on Friday. The stock has a market capitalization of $126.22 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.87 and a beta of 1.23. The stock’s 50 day moving average price is $474.31 and its two-hundred day moving average price is $493.69. 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 Inc. has a 52 week low of $381.61 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly 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 return on equity of 16.56% and a net margin of 29.16%.The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the business earned $3.77 earnings per share. 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. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm 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 dividend on an annualized basis and a yield of 0.9%. 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 payout ratio is 26.48%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SPGI shares. Bank of America began coverage on S&P Global in a research note on Tuesday, February 17th. They set a “buy” rating and a $575.00 target price for the company. Royal Bank Of Canada reduced their price target 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. Mizuho lowered their price objective on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Finally, Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $562.67.

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.