Barclays Cuts S&P Global (NYSE:SPGI) Price Target to $553.00

S&P Global (NYSE:SPGIFree Report) had its price objective decreased by Barclays from $555.00 to $553.00 in a report released on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the business services provider’s stock.

Other analysts also recently issued research reports about the stock. Rothschild & Co Redburn decreased 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. Royal Bank Of Canada reduced their price objective on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. Daiwa Securities Group decreased their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Finally, Zacks Research downgraded S&P Global from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $523.59.

View Our Latest Research Report on SPGI

S&P Global Stock Performance

S&P Global stock opened at $412.24 on Wednesday. The business has a 50 day moving average of $423.91 and a 200-day moving average of $438.02. The company has a market capitalization of $121.53 billion, a P/E ratio of 25.17, a P/E/G ratio of 2.21 and a beta of 1.08. S&P Global has a 1 year low of $381.61 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.68.

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

S&P Global Announces Dividend

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

Hedge Funds Weigh In On S&P Global

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Joseph Group Capital Management purchased a new position in S&P Global in the fourth quarter worth $29,000. North Star Investment Management Corp. raised its stake in shares of S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC bought a new stake in shares of S&P Global during the 4th quarter worth $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global in the 3rd quarter worth about $36,000. Finally, Swiss RE Ltd. bought a new position in S&P Global during the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global News Roundup

Here are the key news stories impacting S&P Global this week:

About S&P Global

(Get Free Report)

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.

See Also

Analyst Recommendations for S&P Global (NYSE:SPGI)

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.