Strs Ohio Sells 4,486 Shares of S&P Global Inc. $SPGI

Strs Ohio reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 108,788 shares of the business services provider’s stock after selling 4,486 shares during the period. Strs Ohio’s holdings in S&P Global were worth $56,852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SPGI. Mizuho Markets Americas LLC raised its position in S&P Global by 104,031.3% during the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after purchasing an additional 595,059 shares in the last quarter. Credit Agricole S A bought a new position in shares of S&P Global in the 3rd quarter worth $180,503,000. Holocene Advisors LP raised its position in shares of S&P Global by 79.8% in the 3rd quarter. Holocene Advisors LP now owns 766,043 shares of the business services provider’s stock worth $372,841,000 after acquiring an additional 339,947 shares in the last quarter. Wellington Management Group LLP raised its position in shares of S&P Global by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock worth $3,033,003,000 after acquiring an additional 274,285 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in shares of S&P Global in the 4th quarter worth $127,269,000. 87.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other S&P Global news, CEO Martina Cheung bought 2,322 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were purchased at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the purchase, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

S&P Global Stock Down 1.1%

Shares of SPGI stock opened at $426.29 on Friday. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The stock’s fifty day moving average price is $430.38 and its 200 day moving average price is $473.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.82. The company has a market cap of $129.36 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.85 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its earnings results 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. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the business earned $4.37 EPS. The firm’s revenue for the quarter 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. On average, research analysts expect that S&P Global Inc. will post 19.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SPGI shares. Evercore reduced their price target on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Royal Bank Of Canada reduced their price target on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Stifel Nicolaus reduced their price target on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Morgan Stanley boosted their price target on S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company reduced their price target on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $550.44.

S&P Global 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.