S&P Global (NYSE:SPGI) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of S&P Global (NYSE:SPGI) to a hold rating in a research note published on Saturday,Wall Street Zen reports.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. 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. Zacks Research cut S&P Global from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. The Goldman Sachs Group lowered their price target on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Finally, Stifel Nicolaus lifted their price target on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Eighteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Price Performance

S&P Global stock opened at $443.30 on Friday. The stock has a market cap of $130.68 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.14 and a beta of 1.07. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of $428.30 and a 200 day simple moving average of $425.39. S&P Global has a 52 week low of $381.61 and a 52 week high of $552.25.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, research analysts forecast that S&P Global will post 17.75 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a yield of 0.9%. S&P Global’s dividend payout ratio is presently 23.69%.

Institutional Investors Weigh In On S&P Global

Several institutional investors and hedge funds have recently bought and sold shares of SPGI. Brighton Jones LLC boosted its stake in shares of 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 valued at $1,582,000 after purchasing an additional 143 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of S&P Global by 7.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after purchasing an additional 75 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of S&P Global by 5.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock worth $893,511,000 after buying an additional 88,526 shares during the last quarter. Jump Financial LLC purchased a new position in S&P Global during the second quarter valued at $552,000. Finally, Main Street Financial Solutions LLC raised its stake in S&P Global by 17.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock valued at $1,694,000 after buying an additional 472 shares during the last quarter. Hedge funds and other institutional investors 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.