Teachers Retirement System of The State of Kentucky Sells 3,723 Shares of S&P Global Inc. $SPGI

Teachers Retirement System of The State of Kentucky lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 7.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 44,953 shares of the business services provider’s stock after selling 3,723 shares during the period. 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 reporting period.

Several other institutional investors have also bought and sold shares of SPGI. Brighton Jones LLC raised its position in shares of S&P Global by 4.7% during the 4th 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 in the last quarter. Sivia Capital Partners LLC increased its stake in 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 worth $547,000 after acquiring an additional 75 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in 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 worth $872,000 after acquiring an additional 136 shares during the last quarter. Westside Investment Management Inc. raised its position in S&P Global by 558.3% during the second quarter. Westside Investment Management Inc. now owns 79 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 67 shares during the period. Finally, Fullcircle Wealth LLC lifted its stake in shares of 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 valued at $984,000 after purchasing an additional 18 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.2%

Shares of SPGI opened at $444.03 on Wednesday. The firm has a fifty day moving average price of $488.19 and a 200-day moving average price of $499.79. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $132.68 billion, a P/E ratio of 30.31, a P/E/G ratio of 1.96 and a beta of 1.23. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. 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 presently 26.48%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Bank of America started coverage on S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 target price on the stock. The Goldman Sachs Group set a $498.00 target price on shares of S&P Global in a research note on Wednesday, February 11th. UBS Group lowered their target price on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Wells Fargo & Company reduced their price objective on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Finally, William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Buy” and a consensus price target 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.