Erste Group Bank Cuts Earnings Estimates for S&P Global

S&P Global Inc. (NYSE:SPGI) – Equities research analysts at Erste Group Bank reduced their FY2026 earnings estimates for shares of S&P Global in a research report issued on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now forecasts that the business services provider will earn $17.85 per share for the year, down from their prior forecast of $18.68. The consensus estimate for S&P Global’s current full-year earnings is $17.74 per share.

SPGI has been the topic of a number of other research reports. Citigroup raised their price objective on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Barclays decreased their price target on S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Morgan Stanley dropped their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research note on Saturday, July 4th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Trading Down 0.6%

Shares of SPGI stock opened at $408.56 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market cap of $120.44 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. The stock has a 50 day simple moving average of $422.67 and a 200 day simple moving average of $430.91. S&P Global has a 1 year low of $381.61 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate 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 company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the firm earned $4.43 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 17.500-17.750 EPS.

Hedge Funds Weigh In On S&P Global

Institutional investors have recently modified their holdings of the business. Rehmann Capital Advisory Group grew its holdings in 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 acquiring an additional 22 shares in the last quarter. Webster Bank N. A. lifted its position in shares of S&P Global by 7.7% during the fourth quarter. Webster Bank N. A. now owns 308 shares of the business services provider’s stock worth $161,000 after purchasing an additional 22 shares during the last quarter. BSW Wealth Partners grew its stake in S&P Global by 1.2% in the fourth quarter. BSW Wealth Partners now owns 1,930 shares of the business services provider’s stock worth $1,009,000 after purchasing an additional 22 shares in the last quarter. Salomon & Ludwin LLC grew its stake in S&P Global by 14.2% in the fourth quarter. Salomon & Ludwin LLC now owns 185 shares of the business services provider’s stock worth $99,000 after purchasing an additional 23 shares in the last quarter. Finally, Washington Trust Bank increased its holdings in S&P Global by 1.2% in 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 last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be paid 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 (DPR) is presently 23.69%.

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.