Teachers Retirement System of The State of Kentucky Cuts Stock Holdings in S&P Global Inc. $SPGI

Teachers Retirement System of The State of Kentucky cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,953 shares of the business services provider’s stock after selling 3,723 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in S&P Global were worth $21,879,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SPGI. Brighton Jones LLC lifted its holdings in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares during the period. Sivia Capital Partners LLC increased its stake in shares of S&P Global by 7.8% during the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after buying an additional 75 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in shares of S&P Global by 9.0% during the second quarter. Y Intercept Hong Kong Ltd now owns 1,654 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 136 shares in the last quarter. Westside Investment Management Inc. lifted its stake in S&P Global by 558.3% in the second quarter. Westside Investment Management Inc. now owns 79 shares of the business services provider’s stock worth $42,000 after acquiring an additional 67 shares during the period. Finally, Fullcircle Wealth LLC raised its holdings in S&P Global by 1.0% in the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after purchasing an additional 18 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research reports. Wells Fargo & Company cut their target price on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Stifel Nicolaus dropped their price objective on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Robert W. Baird set a $546.00 target price on shares of S&P Global in a report on Wednesday, February 11th. Finally, BMO Capital Markets decreased their price objective on shares of S&P Global from $601.00 to $482.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company. According to data from MarketBeat, S&P Global has an average rating of “Buy” and a consensus target price of $562.67.

S&P Global Trading Up 0.2%

Shares of S&P Global stock opened at $444.03 on Wednesday. The company’s fifty day simple moving average is $488.19 and its 200-day simple moving average is $499.79. S&P Global Inc. has a 1-year low of $381.61 and a 1-year 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 has a market capitalization of $132.68 billion, a PE ratio of 30.31, a P/E/G ratio of 1.96 and a beta of 1.23.

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 net margin of 29.16% and a return on equity of 16.56%. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the firm earned $3.77 EPS. 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 analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. 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. S&P Global’s payout ratio is presently 26.48%.

S&P Global Company 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.