Brokerages Set S&P Global Inc. (NYSE:SPGI) PT at $523.59

Shares of S&P Global Inc. (NYSE:SPGI) have received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eighteen have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $523.5882.

SPGI has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Robert W. Baird set a $513.00 price target on shares of S&P Global in a report on Wednesday. Daiwa Securities Group dropped their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Bank of America reduced their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Finally, Zacks Research lowered S&P Global from a “hold” rating to a “strong sell” rating in a research report on Monday, July 20th.

Hedge Funds Weigh In On S&P Global

Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in S&P Global by 39,515.8% during the 2nd quarter. California State Teachers Retirement System now owns 187,868,631 shares of the business services provider’s stock valued at $76,511,379,000 after purchasing an additional 187,394,404 shares during the period. Norges Bank acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $2,398,991,000. Bank of America Corp DE acquired a new stake in shares of S&P Global during the 2nd quarter worth approximately $865,892,000. EdgePoint Investment Group Inc. acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $702,911,000. Finally, Cardano Risk Management B.V. raised its stake in shares of S&P Global by 858.3% during the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after buying an additional 1,576,544 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock opened at $450.40 on Tuesday. The stock has a 50-day simple moving average of $427.63 and a 200 day simple moving average of $425.27. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global has a 12-month low of $381.61 and a 12-month high of $552.25. The stock has a market capitalization of $132.78 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 2.08 and a beta of 1.07.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, research analysts anticipate that S&P Global will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio is 23.69%.

About S&P Global

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.