TD Asset Management Inc Sells 9,314 Shares of S&P Global Inc. $SPGI

TD Asset Management Inc lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 137,638 shares of the business services provider’s stock after selling 9,314 shares during the quarter. TD Asset Management Inc’s holdings in S&P Global were worth $56,054,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Joseph Group Capital Management bought a new stake in shares of S&P Global in the 4th quarter valued at $29,000. North Star Investment Management Corp. raised its stake in S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares during the last quarter. Palladiem LLC acquired a new position in S&P Global in the fourth quarter valued at $36,000. Palisade Asset Management LLC acquired a new position in S&P Global in the third quarter valued at $36,000. Finally, Swiss RE Ltd. bought a new stake in shares of S&P Global during the 4th quarter valued at about $39,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $418.15 on Friday. The stock has a market cap of $123.27 billion, a P/E ratio of 25.53, a PEG ratio of 1.90 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. The business’s 50-day moving average price is $422.53 and its two-hundred day moving average price is $429.14. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $565.28.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate of $4.81 by $0.02. The company 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 revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities analysts predict that S&P Global Inc. will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SPGI shares. Wall Street Zen upgraded S&P Global to a “hold” rating in a report on Saturday, July 4th. JPMorgan Chase & Co. decreased their price target on 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. Royal Bank Of Canada lowered their price target on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a report on Tuesday, July 7th. Morgan Stanley reduced their target price on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Finally, Rothschild & Co Redburn lowered their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.