S&P Global (NYSE:SPGI) Coverage Initiated by Analysts at Bank of America

Bank of America began coverage on shares of S&P Global (NYSE:SPGI) in a report released on Tuesday. The brokerage issued a buy rating and a $575.00 price target on the business services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Mizuho dropped their price target on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. BMO Capital Markets decreased their target price on S&P Global from $601.00 to $482.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. JPMorgan Chase & Co. cut their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Stifel Nicolaus reduced their price target on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Finally, Robert W. Baird set a $546.00 price objective on S&P Global in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $566.33.

S&P Global Trading Up 0.1%

Shares of NYSE:SPGI opened at $410.06 on Tuesday. The stock’s 50-day simple moving average is $504.13 and its two-hundred day simple moving average is $509.20. The stock has a market capitalization of $122.53 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 1.93 and a beta of 1.20. S&P Global has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing the consensus estimate of $4.32 by ($0.02). The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.S&P Global’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts expect that S&P Global will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is 26.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MTM Investment Management LLC bought a new position in shares of S&P Global during the second quarter worth $27,000. J.Safra Asset Management Corp purchased a new stake in S&P Global in the 3rd quarter worth $29,000. Joseph Group Capital Management bought a new position in shares of S&P Global during the 4th quarter valued at about $29,000. North Star Investment Management Corp. grew its position in shares of S&P Global by 134.6% during 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 in the last quarter. Finally, Spurstone Advisory Services LLC purchased a new position in shares of S&P Global during the second quarter valued at about $34,000. 87.17% of the stock is currently owned by institutional investors.

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.