S&P Global (NYSE:SPGI) Stock Gets Price Target Reduction from Morgan Stanley

S&P Global (NYSE:SPGI – Free Report) had its price objective cut by Morgan Stanley from $525.00 to $477.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have an overweight rating on the business services provider’s stock.

A number of other equities analysts also recently weighed in on the company. Zacks Research raised S&P Global from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $510.00 price objective on shares of S&P Global in a research report on Wednesday, August 26th. UBS Group reduced their target price on 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. Wall Street Zen raised S&P Global to a “hold” rating in a report on Saturday, September 5th. Finally, Barclays dropped their price target on S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $519.41.

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S&P Global Stock Performance

Shares of SPGI stock opened at $407.77 on Wednesday. The stock has a market cap of $120.21 billion, a P/E ratio of 24.89, a P/E/G ratio of 1.95 and a beta of 1.09. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The company has a fifty day moving average price of $415.23 and a two-hundred day moving average price of $421.25. S&P Global has a one year low of $381.61 and a one year high of $552.25.

S&P Global (NYSE:SPGI – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping the consensus estimate 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 for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities analysts predict that S&P Global will post 17.73 EPS for the current year.

S&P Global Dividend Announcement

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

Institutional Investors Weigh In On S&P Global

A number of institutional investors have recently made changes to their positions in the company. Hibernia Wealth Partners LLC increased its holdings in S&P Global by 3.3% in the 1st quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after purchasing an additional 24 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in S&P Global by 1.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 2,272 shares of the business services provider’s stock valued at $925,000 after purchasing an additional 26 shares during the last quarter. Frazier Financial Advisors LLC boosted its stake in shares of S&P Global by 31.4% during the first quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 27 shares in the last quarter. WPG Advisers LLC boosted its stake in shares of S&P Global by 37.0% during the second quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 27 shares in the last quarter. Finally, W1M Asset Management Ltd grew its holdings in shares of S&P Global by 0.7% during the second quarter. W1M Asset Management Ltd now owns 4,179 shares of the business services provider’s stock worth $1,700,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

(Get Free Report)

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.

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