New York State Teachers Retirement System Has $118.29 Million Stock Holdings in S&P Global Inc. $SPGI

New York State Teachers Retirement System cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.3% in the third quarter, Holdings Channel reports. The firm owned 243,041 shares of the business services provider’s stock after selling 3,221 shares during the quarter. New York State Teachers Retirement System’s holdings in S&P Global were worth $118,290,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SPGI. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global in the 2nd quarter valued at $26,000. MTM Investment Management LLC acquired a new stake in S&P Global during the 2nd quarter worth $27,000. eCIO Inc. bought a new position in S&P Global during the first quarter worth about $32,000. Spurstone Advisory Services LLC acquired a new position in S&P Global in the second quarter valued at about $34,000. Finally, Howard Hughes Medical Institute acquired a new position in S&P Global in the second quarter valued at about $36,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.1%

Shares of SPGI stock opened at $542.34 on Friday. The firm’s fifty day moving average price is $506.15 and its two-hundred day moving average price is $516.37. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The firm has a market capitalization of $164.22 billion, a P/E ratio of 39.44, a PEG ratio of 2.31 and a beta of 1.21.

S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business had revenue of $1.87 billion for the quarter. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

Analyst Ratings Changes

SPGI has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Wells Fargo & Company increased their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Mizuho boosted their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $640.00 target price on shares of S&P Global in a research note on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $615.14.

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.