S&P Global Inc. (NYSE:SPGI) Stock Has Average Target Price of $523.59

S&P Global Inc. (NYSE:SPGI) has earned an average rating of “Moderate Buy” from the twenty analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $523.59.

A number of brokerages have recently commented on SPGI. Rothschild & Co Redburn decreased their price objective 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. The Goldman Sachs Group dropped their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. UBS Group cut 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 note on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Finally, Morgan Stanley lowered their price target on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th.

Institutional Investors Weigh In On S&P Global

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake 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 worth $7,451,971,000 after buying an additional 157,301 shares during the last quarter. Norges Bank bought a new position in S&P Global in the 4th quarter valued at about $2,398,991,000. Capital International Investors raised its holdings in S&P Global by 43.6% in the 4th quarter. Capital International Investors now owns 3,037,912 shares of the business services provider’s stock valued at $1,587,910,000 after acquiring an additional 922,433 shares during the period. Cardano Risk Management B.V. raised its holdings in S&P Global by 858.3% in the 4th quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock valued at $919,879,000 after acquiring an additional 1,576,544 shares during the period. Finally, Cantillon Capital Management LLC lifted its position in S&P Global by 0.8% during the fourth quarter. Cantillon Capital Management LLC now owns 1,755,624 shares of the business services provider’s stock worth $917,472,000 after acquiring an additional 13,209 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.3%

NYSE SPGI opened at $386.86 on Friday. The company has a market cap of $114.05 billion, a PE ratio of 23.62, a PEG ratio of 1.87 and a beta of 1.09. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global has a 12 month low of $381.61 and a 12 month high of $552.25. The stock has a 50 day moving average of $417.55 and a 200-day moving average of $422.26.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the company earned $4.43 earnings per share. The firm’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. On average, equities research analysts anticipate that S&P Global will post 17.75 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Wednesday, November 25th. S&P Global’s payout ratio is currently 23.69%.

About S&P Global

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.