S&P Global (NYSE:SPGI) Price Target Cut to $525.00 by Analysts at Wells Fargo & Company

S&P Global (NYSE:SPGI) had its price target cut by Wells Fargo & Company from $530.00 to $525.00 in a report published on Monday,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley lowered their price target on shares of S&P Global from $580.00 to $556.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Evercore set a $625.00 price objective on shares of S&P Global and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Bank of America started coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a “buy” rating and a $575.00 price objective for the company. UBS Group reduced their price objective on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada reduced their price objective on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $558.47.

S&P Global Trading Up 3.5%

NYSE SPGI opened at $429.77 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. S&P Global has a 52 week low of $381.61 and a 52 week high of $579.05. The stock has a market capitalization of $130.42 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. The firm has a 50 day moving average of $427.19 and a two-hundred day moving average of $477.46.

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

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.97 per share. The ex-dividend date was Wednesday, February 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is presently 26.48%.

Institutional Trading of S&P Global

Several institutional investors have recently modified their holdings of SPGI. Vanguard Group Inc. raised its position in S&P Global by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after purchasing an additional 117,728 shares during the last quarter. State Street Corp raised its position in S&P Global by 1.1% in the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock valued at $7,451,971,000 after purchasing an additional 157,301 shares during the last quarter. TCI Fund Management Ltd. raised its position in S&P Global by 5.4% in the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after purchasing an additional 600,440 shares during the last quarter. Morgan Stanley raised its position in S&P Global by 3.3% in the 4th quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock valued at $4,354,796,000 after purchasing an additional 263,051 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in S&P Global by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock valued at $3,033,003,000 after purchasing an additional 274,285 shares during the last quarter. 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.