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

State of Michigan Retirement System lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Joseph Group Capital Management bought a new stake in S&P Global during the 4th quarter worth about $29,000. North Star Investment Management Corp. boosted its stake in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares during the last quarter. Palladiem LLC bought a new position in shares of S&P Global in the 4th quarter valued at about $36,000. Palisade Asset Management LLC bought a new position in shares of S&P Global in the 3rd quarter valued at about $36,000. Finally, Swiss RE Ltd. bought a new stake in shares of S&P Global during the fourth quarter worth approximately $39,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In other news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $434.03 per share, with a total value of $500,002.56. Following the acquisition, 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. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Catherine R. Clay acquired 2,500 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the transaction, the chief executive officer owned 2,500 shares in the company, valued at $1,078,475. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 5,974 shares of company stock valued at $2,576,775 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SPGI. Bank of America cut their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $550.00 to $535.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Jefferies Financial Group upped their target price on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Royal Bank Of Canada cut their price target on 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. Finally, Daiwa Securities Group reduced their price target on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. Seventeen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $532.00.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $438.09 on Tuesday. The company has a market capitalization of $129.67 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 1.77 and a beta of 1.08. The firm’s 50 day simple moving average is $419.44 and its 200 day simple moving average is $446.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. S&P Global’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 19.59 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given 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 dividend payout ratio (DPR) is currently 24.56%.

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.