S&P Global (NYSE:SPGI) Price Target Raised to $515.00

S&P Global (NYSE:SPGI) had its price target boosted by analysts at Morgan Stanley from $477.00 to $515.00 in a note issued to investors on Wednesday, MarketBeat reports. The firm currently has an “overweight” rating on the business services provider’s stock. Morgan Stanley‘s target price would suggest a potential upside of 14.50% from the stock’s previous close.

A number of other brokerages also recently commented on SPGI. Mizuho reduced their target price on shares of S&P Global from $554.00 to $531.00 and set an “outperform” rating on the stock in a research note on Monday, October 5th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a research note on Saturday, September 5th. Jefferies Financial Group reissued a “buy” rating and issued a $490.00 price target on shares of S&P Global in a research note on Friday, October 16th. Stifel Nicolaus raised their price target on shares of S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Barclays reduced their price target on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $518.12.

S&P Global Stock Down 0.2%

Shares of SPGI opened at $449.77 on Wednesday. S&P Global has a 52-week low of $381.61 and a 52-week high of $552.25. The stock has a fifty day simple moving average of $419.64 and a two-hundred day simple moving average of $432.90.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, October 27th. The business services provider reported $4.58 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.15. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the firm posted $4.73 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. As a group, research analysts predict that S&P Global will post 17.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Dorsey Asset Management LLC acquired a new stake in shares of S&P Global during the first quarter worth about $94,716,000. NewEdge Advisors LLC grew its holdings in shares of S&P Global by 17.9% during the first quarter. NewEdge Advisors LLC now owns 20,005 shares of the business services provider’s stock worth $8,509,000 after buying an additional 3,038 shares during the last quarter. Principal Financial Group Inc. increased its position in S&P Global by 12.9% in the 2nd quarter. Principal Financial Group Inc. now owns 572,659 shares of the business services provider’s stock valued at $233,228,000 after acquiring an additional 65,529 shares during the period. Quantitative Investment Management LLC increased its position in S&P Global by 127.4% in the 2nd quarter. Quantitative Investment Management LLC now owns 9,033 shares of the business services provider’s stock valued at $3,678,000 after acquiring an additional 5,061 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd purchased a new stake in S&P Global during the 2nd quarter valued at approximately $18,361,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Trending Headlines about S&P Global

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Third-quarter results exceeded expectations. S&P Global reported adjusted EPS of $4.58 versus the $4.43 consensus estimate and revenue of $3.68 billion versus expectations of $3.64 billion. Revenue increased 6.8% year over year, led by strength in Indices and Market Intelligence. S&P Global Reports Third Quarter Results
• Positive Sentiment: Management raised its full-year outlook. The improved guidance reinforces investor confidence that demand for credit ratings, indices and financial information remains resilient, despite EPS being below the year-ago period. S&P Global Beats Q3 Earnings
• Positive Sentiment: Capital returns remain substantial. Full-year share repurchases are expected to exceed $7 billion, potentially supporting per-share earnings and signaling management’s confidence in the company’s cash generation. S&P Global: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Strategic growth initiatives broaden S&P Global’s reach. The company completed its OpenZeppelin acquisition, expanding its digital-asset and on-chain security capabilities, and partnered with Kalshi to license S&P DJI index contracts for prediction markets. These initiatives could create new revenue opportunities but are unlikely to materially affect near-term earnings. S&P Global Completes Acquisition of OpenZeppelin
• Negative Sentiment: The Capital IQ review is driving investor caution. S&P Global is evaluating alternatives for Capital IQ and associated data operations, including a possible separation. While a spin-off could unlock value, investors are focused on execution risks, possible dis-synergies and the uncertainty of “spinoff math,” which has outweighed the earnings beat in the immediate reaction. S&P Global explores potential separation of Capital IQ business

About S&P Global

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.