S&P Global Inc. (NYSE:SPGI) Receives Consensus Rating of “Buy” from Brokerages

Shares of S&P Global Inc. (NYSE:SPGI) have been assigned a consensus rating of “Buy” from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. Sixteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $615.6429.

A number of analysts have recently commented on the stock. Mizuho boosted their target price on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Evercore ISI lifted their price target on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Stifel Nicolaus cut their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Finally, Morgan Stanley lifted their target price on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th.

S&P Global Price Performance

SPGI stock opened at $546.25 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. S&P Global has a 1 year low of $427.14 and a 1 year high of $579.05. The firm has a 50-day moving average of $511.03 and a 200 day moving average of $517.09. The company has a market cap of $165.40 billion, a P/E ratio of 39.73, a PEG ratio of 2.33 and a beta of 1.21.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.47. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.89 EPS. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, sell-side analysts forecast that S&P Global will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.7%. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

Institutional Investors Weigh In On S&P Global

A number of institutional investors have recently modified their holdings of the stock. Emerald Advisers LLC raised its position in shares of S&P Global by 2.0% in the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after purchasing an additional 18 shares during the last quarter. Fullcircle Wealth LLC increased its stake in S&P Global by 1.0% during the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after purchasing an additional 18 shares in the last quarter. Summitry LLC raised its holdings in S&P Global by 2.1% in the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after buying an additional 18 shares during the last quarter. Hamilton Capital LLC lifted its stake in shares of S&P Global by 4.5% in the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after buying an additional 18 shares in the last quarter. Finally, Sand Hill Global Advisors LLC lifted its stake in shares of S&P Global by 3.1% in the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after buying an additional 19 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

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.