State of New Jersey Common Pension Fund D Has $56.04 Million Position in S&P Global Inc. $SPGI

Key Points

• State of New Jersey Common Pension Fund D trimmed its stake in S&P Global by 3.0% to 107,236 shares, now worth about $56.04 million, and institutional investors own roughly 87.17% of the stock.
• S&P Global beat Q1 expectations with $4.97 EPS (vs. $4.82) and $4.17B revenue (up 10.4% YoY), and set FY2026 EPS guidance of 19.400–19.650 while analysts expect ~19.51.
• Analysts remain largely positive (majority Buy ratings; average target $550.44) despite some recent price-target cuts, while the stock trades around $432 with a market cap near $131.3 billion, suggesting potential upside.

State of New Jersey Common Pension Fund D trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,236 shares of the business services provider's stock after selling 3,355 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in S&P Global were worth $56,040,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after acquiring an additional 143 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider's stock valued at $547,000 after buying an additional 75 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of S&P Global by 5.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider's stock worth $893,511,000 after acquiring an additional 88,526 shares in the last quarter. Jump Financial LLC purchased a new stake in S&P Global in the 2nd quarter worth about $552,000. Finally, Main Street Financial Solutions LLC raised its stake in S&P Global by 17.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider's stock valued at $1,694,000 after acquiring an additional 472 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of S&P Global stock opened at $432.49 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The stock has a market cap of $131.25 billion, a price-to-earnings ratio of 29.51, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20. The stock has a 50 day moving average price of $430.08 and a 200-day moving average price of $473.66.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.15. S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The company had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same period in the prior year, the business earned $4.37 EPS. The firm's quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities analysts expect that S&P Global Inc. will post 19.51 EPS for the current year.

Analyst Upgrades and Downgrades

SPGI has been the subject of several research analyst reports. UBS Group dropped their price objective on S&P Global from $620.00 to $550.00 and set a "buy" rating for the company in a research note on Tuesday, February 17th. Stifel Nicolaus cut their price target on shares of S&P Global from $599.00 to $489.00 and set a "buy" rating on the stock in a report on Wednesday, February 11th. Evercore lowered their price objective on shares of S&P Global from $625.00 to $560.00 and set an "outperform" rating for the company in a research note on Thursday, April 16th. Barclays restated an "overweight" rating and set a $565.00 price target on shares of S&P Global in a report on Monday, February 23rd. Finally, Morgan Stanley upped their price objective on S&P Global from $556.00 to $557.00 and gave the company an "overweight" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $550.44.

S&P Global News Roundup

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Q1 results beat expectations — SPGI reported $4.97 EPS vs. $4.82 expected and revenue of $4.17B (beats consensus), with strength in Ratings, Indices and Market Intelligence and margin expansion that investors liked. Reuters: SP Global reports higher first-quarter profit
• Positive Sentiment: Brokerage upgrades and higher targets — Jefferies, Morgan Stanley and JPMorgan raised price targets and reiterated buy/overweight stances, providing analyst-driven upside confidence. Jefferies target raise Morgan Stanley target raise
• Positive Sentiment: AI-led growth narrative — analysts and coverage (e.g., Barron's / sector pieces) highlight SPGI as an AI beneficiary within data/analytics services, supporting multiple expansion expectations. Barron's: AI services winners
• Neutral Sentiment: Strategic moves in energy business — S&P Global announced innovations and changes to its upstream energy offerings that could boost long-term product mix but will take time to monetize. Yahoo: Strategic innovations in energy
• Neutral Sentiment: Global expansion: opened a Gurugram (India) hub — signals investment in lower-cost delivery and TAM expansion but is a medium-term positive rather than immediate earnings driver. Yahoo UK: India hub opens
• Negative Sentiment: Caution on guidance/revenue — some coverage noted a trimmed revenue outlook or more cautious near-term revenue commentary from management, which tempers the beat and increases sensitivity to macro volatility. Seeking Alpha: guidance caveat
• Negative Sentiment: Minor analyst downward tweak — Erste Group slightly lowered FY2026 EPS estimates (small magnitude) and some outlets flagged energy/headwind pressures, adding modest near-term caution. MarketBeat: analyst estimate change
• Negative Sentiment: Conflicting headlines on sales — while many reports highlight beats, at least one outlet ran a “misses sales expectations” headline, increasing short-term noise and volatility risk. Yahoo: sales miss headline

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.