State of Michigan Retirement System Has $35.28 Million Stock Position in S&P Global Inc. $SPGI

State of Michigan Retirement System reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,953 shares of the business services provider’s stock after selling 1,200 shares during the quarter. State of Michigan Retirement System’s holdings in S&P Global were worth $35,283,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. YANKCOM Partnership lifted its holdings in S&P Global by 7.9% during the 4th quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 19 shares during the last quarter. LeConte Wealth Management LLC increased its holdings in shares of S&P Global by 4.1% in the fourth quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 20 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC raised its position in shares of S&P Global by 3.3% in the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 20 shares during the period. Steigerwald Gordon & Koch Inc. raised its position in shares of S&P Global by 15.6% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 20 shares during the period. Finally, Embree Financial Group lifted its stake in shares of S&P Global by 2.0% during the 4th quarter. Embree Financial Group now owns 1,090 shares of the business services provider’s stock worth $570,000 after buying an additional 21 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

S&P Global stock opened at $438.09 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock has a market cap of $129.67 billion, a PE ratio of 27.73, a P/E/G ratio of 1.77 and a beta of 1.08. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The business’s 50-day moving average price is $419.44 and its two-hundred day moving average price is $446.97.

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

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s payout ratio is presently 24.56%.

Insider Transactions at S&P Global

In other news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the purchase, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martina Cheung acquired 2,322 shares of S&P Global stock in a transaction that occurred on Wednesday, April 29th. The shares were purchased at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the transaction, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Daiwa Securities Group cut their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. JPMorgan Chase & Co. reduced their price objective on S&P Global from $550.00 to $535.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Wells Fargo & Company decreased their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Finally, Royal Bank Of Canada decreased 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 research note on Tuesday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $532.00.

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.