S&P Global Inc. $SPGI Shares Acquired by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System reported acquiring an additional 187.4 million S&P Global shares in the second quarter, bringing its holdings to 187.9 million shares valued at approximately $76.5 billion.
• S&P Global exceeded quarterly earnings and revenue expectations, reporting $4.83 in EPS and $4.15 billion in revenue, with revenue up 10.4% year over year. The company issued fiscal 2026 EPS guidance of $17.50–$17.75.
• The company declared a quarterly dividend of $0.97 per share, equivalent to a $3.88 annualized payout and a 0.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $523.59.

California State Teachers Retirement System grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 39,515.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,868,631 shares of the business services provider's stock after acquiring an additional 187,394,404 shares during the period. California State Teachers Retirement System owned about 63.73% of S&P Global worth $76,511,379,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Palladiem LLC acquired a new position in S&P Global during the fourth quarter valued at $36,000. Pingora Partners LLC acquired a new stake in S&P Global during the 2nd quarter worth about $29,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global during the 3rd quarter valued at about $36,000. Swiss RE Ltd. purchased a new stake in shares of S&P Global in the fourth quarter worth about $39,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in S&P Global during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Down 0.0%

NYSE SPGI opened at $443.30 on Monday. The business has a fifty day moving average price of $428.30 and a 200 day moving average price of $425.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $130.68 billion, a P/E ratio of 27.06, a P/E/G ratio of 2.14 and a beta of 1.07. S&P Global Inc. has a one year low of $381.61 and a one year high of $552.25.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts' consensus estimates of $4.81 by $0.02. The business had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Research analysts anticipate that S&P Global Inc. will post 17.75 EPS 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. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global's payout ratio is currently 23.69%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SPGI shares. Daiwa Securities Group decreased their price target on S&P Global from $490.00 to $485.00 and set an "outperform" rating for the company in a report on Wednesday, May 20th. Citigroup boosted their target price on shares of S&P Global from $454.00 to $500.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Stifel Nicolaus lifted their price objective on shares of S&P Global from $489.00 to $521.00 and gave the company a "buy" rating in a report on Friday, July 17th. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $555.00 to $530.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Finally, Barclays dropped their target price on S&P Global from $555.00 to $553.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $523.59.

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.

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