S&P Global (NYSE:SPGI) Price Target Raised to $555.00

S&P Global (NYSE:SPGI) had its price target increased by equities researchers at JPMorgan Chase & Co. from $535.00 to $555.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 23.64% from the company’s previous close.

A number of other research analysts have also weighed in on SPGI. UBS Group cut their target price on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Daiwa Securities Group dropped their price objective on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Wells Fargo & Company cut their price objective on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Finally, Morgan Stanley decreased their target price on S&P Global from $557.00 to $525.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $535.06.

S&P Global Stock Performance

Shares of S&P Global stock traded down $1.94 on Monday, reaching $448.90. The stock had a trading volume of 304,166 shares, compared to its average volume of 2,323,532. The business’s 50-day moving average price is $421.35 and its two-hundred day moving average price is $444.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. S&P Global has a fifty-two week low of $381.61 and a fifty-two week high of $579.05. The stock has a market cap of $132.87 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $4.37 EPS. S&P Global’s quarterly revenue was up 10.4% compared to the same quarter last year. 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 19.32 EPS for the current year.

Insider Activity at S&P Global

In related news, CEO Martina Cheung purchased 2,322 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were acquired at an average price of $429.93 per share, with a total value of $998,297.46. Following the purchase, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the transaction, the director directly owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 5,974 shares of company stock valued at $2,576,775 in the last 90 days. 0.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On S&P Global

A number of hedge funds have recently made changes to their positions in the company. Joseph Group Capital Management acquired a new position in S&P Global in the fourth quarter valued at about $29,000. North Star Investment Management Corp. raised its stake in shares of S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 35 shares during the last quarter. Palladiem LLC acquired a new position in shares of S&P Global in the 4th quarter worth approximately $36,000. Palisade Asset Management LLC acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $36,000. Finally, Swiss RE Ltd. bought a new stake in S&P Global during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Company Profile

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.