S&P Global’s (SPGI) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of S&P Global (NYSE:SPGI) in a report released on Wednesday,Benzinga reports. They currently have a $510.00 price target on the business services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their target price on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Rothschild & Co Redburn reduced their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Morgan Stanley reduced their target price on shares of S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Citigroup raised their price target on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, UBS Group lowered their price target on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Stock Performance

NYSE SPGI opened at $442.62 on Wednesday. The company has a market cap of $130.48 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The stock’s 50 day simple moving average is $424.57 and its 200-day simple moving average is $424.29. S&P Global has a 1-year low of $381.61 and a 1-year high of $552.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95.

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 (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 firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company posted $4.43 earnings per share. The business’s 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, equities research analysts anticipate that S&P Global will post 17.75 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its stake in S&P Global by 39,515.8% during the second quarter. California State Teachers Retirement System now owns 187,868,631 shares of the business services provider’s stock worth $76,511,379,000 after purchasing an additional 187,394,404 shares during the period. State Street Corp raised its position in shares of S&P Global by 1.1% during the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock valued at $7,451,971,000 after buying an additional 157,301 shares during the period. TCI Fund Management Ltd. lifted its holdings in S&P Global by 5.4% in the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after acquiring an additional 600,440 shares during the last quarter. Morgan Stanley grew its position in S&P Global by 3.3% in the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock worth $4,354,796,000 after acquiring an additional 263,051 shares during the period. Finally, Norges Bank acquired a new position in shares of S&P Global in the 4th quarter valued at $2,398,991,000. 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.