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

Shares of S&P Global Inc. (NYSE:SPGI) have been given an average recommendation of “Moderate Buy” by the twenty research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eighteen have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $523.5882.

SPGI has been the subject of several recent research reports. Wall Street Zen raised S&P Global to a “hold” rating in a research report on Saturday. Barclays reduced their price objective on 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. Rothschild & Co Redburn dropped their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Royal Bank Of Canada reiterated an “outperform” rating and set a $510.00 price objective on shares of S&P Global in a research report on Wednesday, August 26th. Finally, UBS Group decreased their price target on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th.

Hedge Funds Weigh In On S&P Global

Several institutional investors have recently added to or reduced their stakes in the business. Advus Financial Partners LLC grew its stake in shares of S&P Global by 5.4% in the second quarter. Advus Financial Partners LLC now owns 681 shares of the business services provider’s stock valued at $277,000 after buying an additional 35 shares in the last quarter. California State Teachers Retirement System grew its position in S&P Global by 39,515.8% in the second 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 acquiring an additional 187,394,404 shares in the last quarter. Washington Trust Advisors Inc. grew its position in S&P Global by 2.3% in the second quarter. Washington Trust Advisors Inc. now owns 22,990 shares of the business services provider’s stock valued at $9,363,000 after acquiring an additional 524 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in shares of S&P Global by 10.2% during the second quarter. Ameritas Advisory Services LLC now owns 1,179 shares of the business services provider’s stock worth $480,000 after purchasing an additional 109 shares in the last quarter. Finally, Kintra Wealth LLC lifted its position in shares of S&P Global by 10.4% during the second quarter. Kintra Wealth LLC now owns 635 shares of the business services provider’s stock worth $268,000 after purchasing an additional 60 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 1.6%

SPGI stock opened at $443.30 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50 day simple moving average is $428.30 and its 200-day simple moving average is $425.39. S&P Global has a 12 month low of $381.61 and a 12 month high of $552.25. The firm has a market capitalization of $130.68 billion, a PE ratio of 27.06, a P/E/G ratio of 2.14 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted $4.43 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities analysts expect that S&P Global will post 17.75 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s 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.