S&P Global (NYSE:SPGI) Stock Gets Price Target Trim from BMO Capital Markets

S&P Global (NYSE:SPGI) had its price objective lowered by BMO Capital Markets from $505.00 to $500.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

A number of other brokerages have also commented on SPGI. Rothschild & Co Redburn lowered their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Citigroup upped their price objective on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. UBS Group decreased their target price on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Finally, Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research report on Saturday, September 5th. Eighteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $518.53.

S&P Global Stock Up 4.1%

SPGI opened at $425.36 on Tuesday. The stock’s 50 day moving average price is $415.44 and its 200 day moving average price is $421.33. 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 stock has a market cap of $125.40 billion, a P/E ratio of 21.70, a P/E/G ratio of 1.99 and a beta of 1.09. S&P Global has a 12 month low of $381.61 and a 12 month high of $552.25.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm posted $4.43 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts predict that S&P Global will post 17.72 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s payout ratio is presently 23.69%.

Institutional Investors Weigh In On S&P Global

A number of institutional investors have recently added to or reduced their stakes in SPGI. State Street Corp raised its stake in shares of S&P Global by 2.2% in the 2nd quarter. State Street Corp now owns 14,482,789 shares of the business services provider’s stock worth $5,898,261,000 after buying an additional 307,255 shares in the last quarter. Unisphere Establishment boosted its stake in S&P Global by 6.5% during the first quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider’s stock valued at $905,995,000 after buying an additional 130,050 shares in the last quarter. Bank of America Corp DE bought a new position in S&P Global during the second quarter valued at about $865,892,000. Soroban Capital Partners LP boosted its stake in S&P Global by 260.3% during the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock valued at $718,247,000 after buying an additional 1,219,990 shares in the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new position in S&P Global during the first quarter worth about $702,911,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Company Profile

S&P Global Inc (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. The company serves financial institutions, corporations, governments and other organizations by helping them assess credit risk, evaluate markets, manage portfolios, analyze supply chains and make business decisions.

Its principal businesses include S&P Global Ratings, which provides credit ratings, research and related analytical services; S&P Global Market Intelligence, which delivers financial and industry data, research and workflow solutions; and S&P Global Commodity Insights, which supplies pricing information, market analysis and intelligence for energy and commodities markets.