S&P Global (NYSE:SPGI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of S&P Global (NYSE:SPGI) to a hold rating in a research report released on Saturday,Wall Street Zen reports.

Other analysts have also recently issued reports about the company. BMO Capital Markets raised their price target on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Citigroup upped their price objective on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Robert W. Baird set a $513.00 price objective on S&P Global in a research report on Wednesday, September 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $510.00 target price on shares of S&P Global in a report on Wednesday, August 26th. Finally, Rothschild & Co Redburn decreased their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Eighteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Trading Down 0.0%

Shares of S&P Global stock opened at $443.30 on Friday. S&P Global has a 52-week low of $381.61 and a 52-week high of $552.25. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The company’s 50-day simple moving average is $428.99 and its 200-day simple moving average is $425.73. The firm has a market cap of $130.68 billion, a price-to-earnings ratio of 27.06, a price-to-earnings-growth ratio of 2.14 and a beta of 1.07.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the firm earned $4.43 earnings per share. The firm’s 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. As a group, equities research analysts anticipate that S&P Global will post 17.75 earnings per share for the current year.

S&P Global Dividend Announcement

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

Institutional Trading of S&P Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group boosted its stake in shares of S&P Global by 1.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,925 shares of the business services provider’s stock worth $937,000 after purchasing an additional 22 shares during the last quarter. Washington Trust Bank lifted its stake in shares of S&P Global by 1.2% during the fourth quarter. Washington Trust Bank now owns 1,888 shares of the business services provider’s stock valued at $987,000 after buying an additional 23 shares during the period. Hibernia Wealth Partners LLC lifted its stake in shares of S&P Global by 3.3% during the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock valued at $321,000 after buying an additional 24 shares during the period. Prestige Wealth Management Group LLC boosted its position in S&P Global by 2.8% during the fourth quarter. Prestige Wealth Management Group LLC now owns 946 shares of the business services provider’s stock worth $494,000 after acquiring an additional 26 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its position in S&P Global by 1.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 2,272 shares of the business services provider’s stock worth $925,000 after acquiring an additional 26 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.