Teachers Retirement System of The State of Kentucky Has $28.84 Million Position in S&P Global Inc. $SPGI

Teachers Retirement System of The State of Kentucky raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 18.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,793 shares of the business services provider’s stock after purchasing an additional 10,320 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in S&P Global were worth $28,835,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Joseph Group Capital Management purchased a new position in shares of S&P Global during the fourth quarter valued at $29,000. North Star Investment Management Corp. raised its position 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 valued at $32,000 after buying an additional 35 shares during the period. Palladiem LLC purchased a new stake in S&P Global in the 4th quarter worth about $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global in the 3rd quarter worth about $36,000. Finally, Swiss RE Ltd. acquired a new stake in S&P Global during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $430.15 on Monday. The stock has a fifty day moving average price of $419.31 and a 200 day moving average price of $447.58. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $579.05. The stock has a market cap of $127.32 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.77 and a beta of 1.08.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the firm posted $4.37 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts forecast that S&P Global Inc. will post 19.59 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is currently 24.56%.

Insider Buying and Selling

In other S&P Global news, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the purchase, the chief executive officer directly owned 2,500 shares of the company’s stock, valued at $1,078,475. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the transaction, the director directly owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 5,974 shares of company stock worth $2,576,775. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research analyst reports. Bank of America lowered their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday. Evercore reduced their price target on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Jefferies Financial Group raised their price target on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $550.00 to $535.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Finally, Daiwa Securities Group dropped their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Seventeen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $532.00.

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.