Teacher Retirement System of Texas Cuts Stock Position in S&P Global Inc. $SPGI

Teacher Retirement System of Texas lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 13.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,315 shares of the business services provider’s stock after selling 16,928 shares during the quarter. Teacher Retirement System of Texas’ holdings in S&P Global were worth $52,231,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SPGI. Vanguard Group Inc. increased its position in shares of S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares in the last quarter. TCI Fund Management Ltd. grew its stake in S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after buying an additional 730,354 shares during the last quarter. Geode Capital Management LLC increased its position in S&P Global by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after buying an additional 42,724 shares in the last quarter. Norges Bank purchased a new stake in S&P Global in the second quarter valued at about $2,188,945,000. Finally, Valeo Financial Advisors LLC boosted its holdings in S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after acquiring an additional 3,163,938 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 1.6%

Shares of S&P Global stock opened at $539.61 on Friday. The stock has a market cap of $163.39 billion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21. The firm has a fifty day moving average price of $513.97 and a 200 day moving average price of $517.36. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share for the quarter, topping the consensus estimate of $4.26 by $0.47. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Equities research analysts predict 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 of this dividend is Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.7%. S&P Global’s dividend payout ratio is presently 27.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SPGI shares. Morgan Stanley upped their price objective on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Evercore ISI raised their price target on shares of S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Mizuho raised their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and an average price target of $615.64.

About S&P Global

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.