Vancity Investment Management Ltd Has $10.64 Million Holdings in S&P Global Inc. $SPGI

Vancity Investment Management Ltd lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 49.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 26,136 shares of the business services provider’s stock after selling 25,586 shares during the period. S&P Global makes up 1.6% of Vancity Investment Management Ltd’s holdings, making the stock its 28th biggest holding. Vancity Investment Management Ltd’s holdings in S&P Global were worth $10,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System raised its holdings in shares of S&P Global by 39,515.8% during the second quarter. California State Teachers Retirement System now owns 187,868,631 shares of the business services provider’s stock valued at $76,511,379,000 after purchasing an additional 187,394,404 shares during the period. Washington Trust Advisors Inc. grew its stake in shares of S&P Global by 2.3% in the 2nd quarter. Washington Trust Advisors Inc. now owns 22,990 shares of the business services provider’s stock valued at $9,363,000 after buying an additional 524 shares during the period. Ameritas Advisory Services LLC increased its position in S&P Global by 10.2% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,179 shares of the business services provider’s stock valued at $480,000 after buying an additional 109 shares in the last quarter. Kintra Wealth LLC raised its stake in S&P Global by 10.4% during the 2nd quarter. Kintra Wealth LLC now owns 635 shares of the business services provider’s stock worth $268,000 after buying an additional 60 shares during the period. Finally, Nilsine Partners LLC raised its stake in S&P Global by 40.0% during the 2nd quarter. Nilsine Partners LLC now owns 1,126 shares of the business services provider’s stock worth $459,000 after buying an additional 322 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.0%

Shares of NYSE:SPGI opened at $443.30 on Monday. The business’s 50 day moving average is $428.30 and its 200 day moving average is $425.50. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $552.25. The stock has a market cap of $130.68 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.14 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.S&P Global’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a $0.97 dividend. The ex-dividend date 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 is currently 23.69%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent research reports. Rothschild & Co Redburn cut their target price on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Morgan Stanley decreased their price target on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Zacks Research downgraded shares of S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

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.