S&P Global (NYSE:SPGI) Price Target Cut to $556.00 by Analysts at Morgan Stanley

S&P Global (NYSE:SPGI) had its price objective reduced by Morgan Stanley from $580.00 to $556.00 in a research report released on Tuesday,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

A number of other brokerages have also issued reports on SPGI. Royal Bank Of Canada dropped their target price on shares of S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Evercore set a $625.00 target price on shares of S&P Global and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Wells Fargo & Company dropped their target price on shares of S&P Global from $675.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings lowered shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Finally, Mizuho lowered their price target on 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $558.80.

S&P Global Trading Down 1.2%

S&P Global stock opened at $429.01 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.82. The business’s 50-day simple moving average is $435.29 and its 200-day simple moving average is $479.37. The firm has a market capitalization of $130.19 billion, a PE ratio of 29.28, a PEG ratio of 1.91 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.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the firm posted $3.77 earnings per share. The company’s revenue for the quarter 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. Equities research analysts forecast that S&P Global will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

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

Institutional Investors Weigh In On S&P Global

Several institutional investors and hedge funds have recently bought and sold shares of SPGI. J.Safra Asset Management Corp bought a new stake in S&P Global in the 3rd quarter valued at $29,000. Joseph Group Capital Management bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $29,000. North Star Investment Management Corp. raised its holdings in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares in the last quarter. First Pacific Financial raised its holdings in shares of S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock worth $36,000 after buying an additional 25 shares in the last quarter. Finally, Palladiem LLC acquired a new position in shares of S&P Global in the 4th quarter worth approximately $36,000. 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.