S&P Global Inc.
At today's price, S&P Global Inc. (SPGI) is priced for -4.2% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• S&P Global tolls the world's capital flows twice: credit-rating revenue rides debt issuance, and index revenue rides ⟦"higher levels of assets under management ('AUM') for ETFs and mutual funds"⟧ [FY2025 10-K, accession 0000064040-26-000013], with subscriptions at roughly half of revenue smoothing both. • The company's own filing names the fault line: issuance-based ratings revenue is ⟦"essentially dependent on the number and dollar volume of rated debt securities issued in the capital markets
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2,054 institutional managers reported holding SPGI in 13F filings for the quarter ended 2026-03-31. Together they hold about 80% of the company; the top 10 hold 37%. 174 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 4.9M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SPGI's share count grew 23.5% over the past five years even with $24.70B spent on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 12 years straight; the current rate is $3.84 a share annually. Cash returned over the past three years: $3.16B in dividends and $11.19B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at SPGI over the trailing three years: 2025: 2 buys totaling $12k; 2026: 2 buys totaling $997k. 28 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SPGI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-04-28 | +6.6% | +10.6% |
| 2023-07-28 | -8.5% | -6.8% |
| 2023-11-03 | +9.0% | +11.8% |
| 2024-02-10 | -4.8% | -4.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SPGI's latest 8-K filings: 2026-07-06 (items 5.02, 7.01, 9.01); 2026-07-02 (items 1.01, 2.01, 8.01, 9.01); 2026-05-26 (items 5.02, 7.01, 9.01); 2026-05-21 (items 5.07); 2026-05-21 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.