S&P Global Inc. (NYSE:SPGI) Stock Has Average Target Price of $515.88

S&P Global Inc. (NYSE:SPGI) has been assigned a consensus rating of “Moderate Buy” from the twenty research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $515.88.

A number of brokerages have issued reports on SPGI. Royal Bank Of Canada reiterated an “outperform” rating and set a $510.00 price objective on shares of S&P Global in a research note on Wednesday, August 26th. Bank of America reduced their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research note on Saturday, September 5th. Citigroup raised their price objective on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Barclays decreased their target price on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th.

S&P Global Trading Down 0.6%

SPGI opened at $450.17 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global has a 52 week low of $381.61 and a 52 week high of $552.25. The stock has a market cap of $132.71 billion, a PE ratio of 27.48, a PEG ratio of 2.21 and a beta of 1.09. The business has a 50 day moving average of $418.73 and a 200-day moving average of $421.96.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities research analysts predict that S&P Global will post 17.69 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Institutional Trading of S&P Global

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new stake in shares of S&P Global during the 2nd quarter valued at about $865,892,000. EdgePoint Investment Group Inc. bought a new stake in shares of S&P Global in the first quarter worth approximately $702,911,000. Soroban Capital Partners LP raised its holdings in shares of 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 purchasing an additional 1,219,990 shares during the last quarter. Veritas Asset Management LLP purchased a new position in shares of S&P Global during the second quarter valued at approximately $338,274,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of S&P Global during the second quarter valued at approximately $164,700,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Company Profile

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.