Rothschild & Co Redburn Cuts S&P Global (NYSE:SPGI) Price Target to $540.00

S&P Global (NYSE:SPGI) had its price target decreased by equities research analysts at Rothschild & Co Redburn from $585.00 to $540.00 in a report released on Thursday,MarketScreener reports. Rothschild & Co Redburn’s target price suggests a potential upside of 28.20% from the stock’s previous close.

Several other equities research analysts have also issued reports on SPGI. Stifel Nicolaus decreased their target price 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. Evercore decreased their target price 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. Weiss Ratings lowered S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Barclays reaffirmed an “overweight” rating and set a $565.00 target price on shares of S&P Global in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. raised their target price on S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $550.00.

S&P Global Stock Down 1.7%

NYSE SPGI traded down $7.48 on Thursday, reaching $421.20. The company had a trading volume of 287,209 shares, compared to its average volume of 2,334,556. S&P Global has a 52-week low of $381.61 and a 52-week high of $579.05. The stock has a market capitalization of $124.68 billion, a P/E ratio of 26.59, a P/E/G ratio of 1.81 and a beta of 1.11. The company’s fifty day moving average is $431.09 and its 200 day moving average is $472.16. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm posted $4.37 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Sell-side analysts anticipate that S&P Global will post 19.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Martina Cheung acquired 2,322 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was bought at an average price of $429.93 per share, with a total value of $998,297.46. Following the acquisition, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. The trade was a 9.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Catherine R. Clay acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the acquisition, the chief executive officer owned 2,500 shares in the company, valued at $1,078,475. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is owned by insiders.

Institutional Investors Weigh In On S&P Global

Several large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in shares of S&P Global by 17.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock valued at $32,541,000 after acquiring an additional 10,044 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of S&P Global by 324.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock valued at $13,673,000 after acquiring an additional 21,481 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of S&P Global by 3.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock valued at $456,656,000 after acquiring an additional 30,080 shares during the last quarter. Collier Financial bought a new stake in shares of S&P Global during the 3rd quarter valued at about $2,865,000. Finally, Mawer Investment Management Ltd. boosted its position in shares of S&P Global by 27.3% during the 3rd quarter. Mawer Investment Management Ltd. now owns 168,229 shares of the business services provider’s stock valued at $81,879,000 after acquiring an additional 36,078 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

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.