S&P Global Inc. (NYSE:SPGI) Given Average Rating of “Moderate Buy” by Brokerages

S&P Global Inc. (NYSE:SPGI) has been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $546.3889.

SPGI has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price objective on shares of S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Daiwa Securities Group reduced their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 20th. The Goldman Sachs Group reissued a “buy” rating on shares of S&P Global in a research report on Tuesday, April 28th. UBS Group reissued a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of S&P Global from $530.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th.

S&P Global Stock Down 3.6%

Shares of NYSE:SPGI opened at $417.85 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global has a 12 month low of $381.61 and a 12 month high of $579.05. The company has a 50-day moving average price of $424.42 and a 200 day moving average price of $457.23. The company has a market cap of $123.68 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 1.85 and a beta of 1.08.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm earned $4.37 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that S&P Global will post 19.61 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 29th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, May 29th. S&P Global’s dividend payout ratio is 24.56%.

Insider Buying and Selling

In other news, Director Robert Edward Jr. Moritz acquired 1,152 shares of S&P Global stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average cost of $434.03 per share, with a total value of $500,002.56. Following the transaction, the director directly owned 1,152 shares of the company’s stock, valued at $500,002.56. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Catherine R. Clay acquired 2,500 shares of S&P Global stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the transaction, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. 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 bought 5,974 shares of company stock valued at $2,576,775 in the last ninety days. 0.03% of the stock is owned by company insiders.

Institutional Trading of S&P Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPGI. Joseph Group Capital Management purchased a new position in shares of S&P Global during the fourth quarter worth approximately $29,000. North Star Investment Management Corp. increased its position in shares of S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after acquiring an additional 35 shares during the period. Palladiem LLC purchased a new position in shares of S&P Global during the fourth quarter worth approximately $36,000. Palisade Asset Management LLC purchased a new position in shares of S&P Global during the third quarter worth approximately $36,000. Finally, Swiss RE Ltd. purchased a new position in shares of S&P Global during the fourth quarter worth approximately $39,000. 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.