Onex Canada Asset Management Inc. Has $27 Million Stock Position in S&P Global Inc. $SPGI

Onex Canada Asset Management Inc. increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 55,478 shares of the business services provider’s stock after buying an additional 1,724 shares during the period. S&P Global makes up approximately 3.4% of Onex Canada Asset Management Inc.’s portfolio, making the stock its 8th biggest position. Onex Canada Asset Management Inc.’s holdings in S&P Global were worth $27,002,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SPGI. Brighton Jones LLC lifted its stake in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares during the last quarter. Sivia Capital Partners LLC lifted its position in S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after purchasing an additional 75 shares during the last quarter. Allworth Financial LP lifted its position in S&P Global by 21.0% in the 2nd quarter. Allworth Financial LP now owns 2,472 shares of the business services provider’s stock valued at $1,303,000 after purchasing an additional 429 shares during the last quarter. M&G PLC boosted its stake in S&P Global by 34.4% during the 2nd quarter. M&G PLC now owns 4,688 shares of the business services provider’s stock valued at $2,471,000 after purchasing an additional 1,201 shares during the period. Finally, Impax Asset Management Group plc boosted its stake in S&P Global by 155.6% during the 2nd quarter. Impax Asset Management Group plc now owns 20,215 shares of the business services provider’s stock valued at $10,659,000 after purchasing an additional 12,307 shares during the period. 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 cap of $126.22 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.86 and a beta of 1.23. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s 50-day moving average is $474.31 and its two-hundred day moving average is $494.10.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the company earned $3.77 earnings per share. S&P Global’s revenue for the quarter 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, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.97 per share. 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. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 26.48%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several analyst reports. Evercore set a $625.00 price target on shares of S&P Global and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Morgan Stanley increased their price objective on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Weiss Ratings cut S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. BMO Capital Markets cut their target price on S&P Global from $601.00 to $482.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. Finally, Stifel Nicolaus reduced their price target on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Buy” and a consensus target price of $562.67.

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.