S&P Global (NYSE:SPGI) Price Target Raised to $521.00

S&P Global (NYSE:SPGI) had its target price lifted by analysts at Stifel Nicolaus from $489.00 to $521.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price objective points to a potential upside of 13.92% from the stock’s current price.

SPGI has been the subject of several other research reports. BMO Capital Markets raised their price objective on S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday, July 4th. Barclays lowered their target price on shares of S&P Global from $565.00 to $555.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Finally, Jefferies Financial Group upped their target price on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. Seventeen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $533.88.

S&P Global Stock Up 2.9%

NYSE:SPGI opened at $457.34 on Friday. The stock has a 50-day simple moving average of $420.74 and a 200 day simple moving average of $445.29. S&P Global has a 52-week low of $381.61 and a 52-week high of $579.05. The company has a market cap of $135.37 billion, a PE ratio of 28.95, a PEG ratio of 2.13 and a beta of 1.08. 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 (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm posted $4.37 EPS. The business’s revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, sell-side analysts expect that S&P Global will post 19.49 EPS for the current fiscal year.

Insider Buying and Selling at S&P Global

In related news, CEO Martina Cheung bought 2,322 shares of S&P Global stock in a transaction dated Wednesday, April 29th. The shares were bought at an average cost of $429.93 per share, with a total value of $998,297.46. Following the acquisition, the chief executive officer owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert Edward Jr. Moritz purchased 1,152 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of $434.03 per share, with a total value of $500,002.56. Following the purchase, the director owned 1,152 shares of the company’s stock, valued at $500,002.56. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 5,974 shares of company stock valued at $2,576,775 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of S&P Global

Large investors have recently made changes to their positions in the company. YANKCOM Partnership raised its position in S&P Global by 7.9% during the fourth quarter. YANKCOM Partnership now owns 259 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 19 shares in the last quarter. LeConte Wealth Management LLC boosted its holdings in shares of S&P Global by 4.1% in the 4th quarter. LeConte Wealth Management LLC now owns 511 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 20 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC increased its stake in shares of S&P Global by 3.3% in the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 632 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 20 shares during the last quarter. Steigerwald Gordon & Koch Inc. increased its stake in shares of S&P Global by 15.6% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 148 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 20 shares during the last quarter. Finally, Embree Financial Group raised its holdings in shares of S&P Global by 2.0% during the 4th quarter. Embree Financial Group now owns 1,090 shares of the business services provider’s stock worth $570,000 after buying an additional 21 shares in the last quarter. 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.