S&P Global (NYSE:SPGI) Price Target Cut to $540.00 by Analysts at Rothschild & Co Redburn

S&P Global (NYSE:SPGI) had its target price trimmed by Rothschild & Co Redburn from $585.00 to $540.00 in a research report released on Thursday morning,MarketScreener reports.

SPGI has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $530.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Jefferies Financial Group upped their price target on S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. Stifel Nicolaus reduced their price target on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Bank of America assumed coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price objective for the company. Finally, Weiss Ratings lowered S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $550.00.

S&P Global Stock Performance

Shares of S&P Global stock traded down $8.78 on Thursday, reaching $419.90. 568,146 shares of the company traded hands, compared to its average volume of 2,338,079. S&P Global has a 52 week low of $381.61 and a 52 week high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. The company has a 50 day moving average of $431.09 and a 200 day moving average of $472.16. The firm has a market capitalization of $124.29 billion, a PE ratio of 26.58, a PEG ratio of 1.81 and a beta of 1.11.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the business posted $4.37 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities analysts forecast that S&P Global will post 19.59 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the acquisition, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Martina Cheung purchased 2,322 shares of S&P Global stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average price of $429.93 per share, with a total value of $998,297.46. Following the completion of the transaction, the chief executive officer owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This represents a 9.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 5,974 shares of company stock worth $2,576,775 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On S&P Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Triad Investment Management grew its stake in shares of S&P Global by 552.1% in the first quarter. Triad Investment Management now owns 3,632 shares of the business services provider’s stock worth $1,545,000 after acquiring an additional 3,075 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in S&P Global by 0.9% in the first quarter. PNC Financial Services Group Inc. now owns 665,211 shares of the business services provider’s stock valued at $282,941,000 after buying an additional 6,196 shares during the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in S&P Global in the first quarter valued at $336,000. Andra AP fonden lifted its holdings in S&P Global by 166.0% during the 1st quarter. Andra AP fonden now owns 41,514 shares of the business services provider’s stock worth $17,658,000 after buying an additional 25,910 shares during the last quarter. Finally, Wilkerson Advisory Group LLC boosted its position in shares of S&P Global by 4.8% during the 1st quarter. Wilkerson Advisory Group LLC now owns 874 shares of the business services provider’s stock worth $372,000 after acquiring an additional 40 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

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.