BMO Capital Markets Issues Positive Forecast for S&P Global (NYSE:SPGI) Stock Price

S&P Global (NYSE:SPGI) had its target price boosted by BMO Capital Markets from $482.00 to $495.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

Several other equities research analysts have also recently weighed in on the company. William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Wells Fargo & Company reduced their target price on S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. The Goldman Sachs Group set a $498.00 target price on shares of S&P Global in a research report on Wednesday, February 11th. Stifel Nicolaus lowered their price target on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Finally, UBS Group dropped their price target on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $563.53.

S&P Global Price Performance

Shares of SPGI stock opened at $433.28 on Tuesday. The business has a fifty day simple moving average of $470.07 and a 200 day simple moving average of $491.63. The company has a market cap of $129.46 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.89 and a beta of 1.23. 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 twelve month low of $381.61 and a twelve month high of $579.05.

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

S&P Global Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SPGI. Brighton Jones LLC increased its holdings in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after acquiring an additional 143 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after buying an additional 75 shares during the period. SG Americas Securities LLC raised its position in S&P Global by 110.1% during the 2nd quarter. SG Americas Securities LLC now owns 4,887 shares of the business services provider’s stock valued at $2,577,000 after purchasing an additional 53,479 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of S&P Global by 4.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after acquiring an additional 850 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its stake in S&P Global by 18.1% during the second quarter. Citizens Financial Group Inc. RI now owns 3,549 shares of the business services provider’s stock worth $1,871,000 after acquiring an additional 545 shares in 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.