Robert W. Baird Cuts S&P Global (NYSE:SPGI) Price Target to $513.00

S&P Global (NYSE:SPGI) had its target price lowered by Robert W. Baird from $521.00 to $513.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group lifted their price target on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Evercore cut their price objective on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Rothschild & Co Redburn reduced their target price on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Wall Street Zen raised S&P Global to a “hold” rating in a research report on Saturday, July 4th. Finally, Mizuho upped their price target on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Performance

NYSE:SPGI opened at $412.24 on Wednesday. The company has a fifty day moving average of $423.91 and a 200-day moving average of $438.02. The firm has a market capitalization of $121.53 billion, a P/E ratio of 25.17, a P/E/G ratio of 2.21 and a beta of 1.08. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global has a twelve month low of $381.61 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. S&P Global’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, sell-side analysts anticipate that S&P Global will post 17.74 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 dividend yield of 0.9%. S&P Global’s dividend payout ratio is currently 23.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPGI. Vanguard Group Inc. increased its position in shares of S&P Global by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after acquiring an additional 117,728 shares during the last quarter. State Street Corp boosted its position in S&P Global by 1.1% in the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after purchasing an additional 157,301 shares during the last quarter. TCI Fund Management Ltd. grew its stake in S&P Global by 5.4% in the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after purchasing an additional 600,440 shares during the period. Morgan Stanley grew its stake in S&P Global by 3.3% in the 4th quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock valued at $4,354,796,000 after purchasing an additional 263,051 shares during the period. Finally, Norges Bank purchased a new stake in shares of S&P Global during the 4th quarter valued at $2,398,991,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global News Roundup

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

• Positive Sentiment: Wells Fargo issued a Buy rating on S&P Global, adding to the bullish case for the stock. Wells Fargo Releases a Buy Rating on S&P Global
• Positive Sentiment: Citigroup said S&P Global’s stock price is expected to rise, providing a positive counterpoint to the more cautious views from other analysts. Citigroup Analyst Says S&P Global Stock Price Expected to Rise
• Positive Sentiment: S&P Global agreed to acquire a stake in African ratings firm Agusto, expanding its presence in a developing credit-markets region and potentially supporting long-term growth. S&P Global Buys Into African Ratings With Agusto Deal
• Positive Sentiment: An investment analysis described the recent selloff as a potential buying opportunity, arguing that the company’s long-term fundamentals remain attractive. S&P Global: Why This Selloff Is a Rare Buying Opportunity
• Neutral Sentiment: Analysts remain divided on S&P Global, with bullish ratings offset by concerns about valuation and earnings estimates. Analysts Conflicted on S&P Global
• Neutral Sentiment: S&P Global underperformed some industry peers in the latest trading session, indicating weaker near-term market momentum. S&P Global Stock Underperforms Competitors
• Negative Sentiment: Robert W. Baird issued a pessimistic forecast for S&P Global’s stock price, adding pressure to the shares. Robert W. Baird Issues Pessimistic Forecast
• Negative Sentiment: JPMorgan Chase also issued a cautious stock-price forecast, reinforcing concerns about limited upside. JPMorgan Issues Pessimistic Forecast
• Negative Sentiment: Erste Group Bank reduced its FY2027 earnings-per-share forecast, signaling expectations for slower future profit growth. Erste Group Bank Cuts S&P Global FY2027 EPS Forecast
• Negative Sentiment: One valuation analysis called the stock slightly overvalued even after its substantial decline, which may discourage near-term buyers. S&P Global Stock Looks Slightly Overvalued

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.