S&P Global (NYSE:SPGI – Get Free Report) had its target price hoisted by equities research analysts at Mizuho from $551.00 to $554.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Mizuho’s price target suggests a potential upside of 30.55% from the stock’s current price.
Several other equities research analysts have also commented on SPGI. The Goldman Sachs Group restated a “buy” rating on shares of S&P Global in a research report on Tuesday, April 28th. Robert W. Baird set a $546.00 price objective on S&P Global in a research report on Wednesday, February 11th. JPMorgan Chase & Co. upped their price objective on S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Morgan Stanley upped their price objective on S&P Global from $556.00 to $557.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company lowered their price objective on S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Buy” and an average target price of $550.63.
Check Out Our Latest Report on S&P Global
S&P Global Stock Performance
S&P Global (NYSE:SPGI – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company earned $4.37 EPS. S&P Global’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, sell-side analysts expect that S&P Global will post 19.58 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Robert Edward Jr. Moritz acquired 1,152 shares of the stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the purchase, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Martina Cheung acquired 2,322 shares of the stock in a transaction on Wednesday, April 29th. The shares were bought at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the purchase, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at $11,830,813.74. The trade was a 9.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 5,974 shares of company stock valued at $2,576,775. Insiders own 0.03% of the company’s stock.
Institutional Investors Weigh In On S&P Global
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp purchased a new stake in S&P Global in the third quarter valued at $29,000. Joseph Group Capital Management purchased a new stake in S&P Global in the fourth quarter valued at $29,000. North Star Investment Management Corp. raised its position in S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares during the period. Palladiem LLC purchased a new stake in S&P Global in the fourth quarter valued at $36,000. Finally, Palisade Asset Management LLC purchased a new stake in S&P Global in the third quarter valued at $36,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.
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.
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