Analysts’ Recent Ratings Updates for S&P Global (SPGI)

Several brokerages have updated their recommendations and price targets on shares of S&P Global (NYSE: SPGI) in the last few weeks:

• 7/9/2024 – S&P Global had its price target raised by analysts at UBS Group AG from $505.00 to $555.00. They now have a “buy” rating on the stock.
• 7/5/2024 – S&P Global had its price target raised by analysts at Morgan Stanley from $500.00 to $510.00. They now have an “overweight” rating on the stock.
• 7/1/2024 – S&P Global had its price target raised by analysts at Oppenheimer Holdings Inc. from $482.00 to $486.00. They now have an “outperform” rating on the stock.
• 6/21/2024 – S&P Global had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $500.00 price target on the stock.
• 5/24/2024 – S&P Global had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $500.00 price target on the stock.

S&P Global Stock Up 1.0 %

Shares of NYSE SPGI traded up $4.43 during midday trading on Wednesday, hitting $464.73. The stock had a trading volume of 796,844 shares, compared to its average volume of 1,267,370. The business’s 50 day moving average is $436.64 and its 200-day moving average is $432.59. The company has a market cap of $145.41 billion, a P/E ratio of 52.10, a PEG ratio of 2.53 and a beta of 1.16. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $465.00. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. As a group, analysts predict that S&P Global Inc. will post 14.14 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.78%. S&P Global’s dividend payout ratio is presently 40.81%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in S&P Global by 13.2% during the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after purchasing an additional 881,215 shares during the period. Capital International Investors lifted its position in S&P Global by 5.3% during the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock valued at $2,464,951,000 after purchasing an additional 291,712 shares during the period. Norges Bank bought a new position in S&P Global during the fourth quarter valued at approximately $1,652,862,000. Capital World Investors lifted its position in S&P Global by 0.5% during the fourth quarter. Capital World Investors now owns 2,818,729 shares of the business services provider’s stock valued at $1,241,706,000 after purchasing an additional 12,644 shares during the period. Finally, Wells Fargo & Company MN lifted its position in S&P Global by 11.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,624,308 shares of the business services provider’s stock valued at $1,156,060,000 after purchasing an additional 279,633 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.