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

S&P Global (NYSE:SPGI) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

A number of other research firms have also weighed in on SPGI. Rothschild & Co Redburn dropped their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research report on Thursday, June 18th. Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. UBS Group reaffirmed a “buy” rating on shares of S&P Global in a report on Wednesday, May 27th. Mizuho lifted their price target on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, BMO Capital Markets boosted their price objective on S&P Global from $482.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Seventeen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $540.65.

S&P Global Trading Down 0.4%

NYSE SPGI opened at $438.31 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $419.23 and a 200 day simple moving average of $450.50. S&P Global has a 12 month low of $381.61 and a 12 month high of $579.05. The firm has a market capitalization of $129.74 billion, a P/E ratio of 27.74, a PEG ratio of 1.88 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 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 for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the firm earned $4.37 EPS. The business’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. On average, analysts predict that S&P Global will post 19.61 EPS for the current fiscal year.

Insider Transactions at S&P Global

In other news, CEO Catherine R. Clay purchased 2,500 shares of the stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the acquisition, the chief executive officer owned 2,500 shares in the company, valued at $1,078,475. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of 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 SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Confluence Investment Management LLC grew its position in shares of S&P Global by 5.5% during the 2nd quarter. Confluence Investment Management LLC now owns 141,607 shares of the business services provider’s stock valued at $57,671,000 after purchasing an additional 7,327 shares in the last quarter. Ravenstone Capital Management Inc. raised its position in shares of S&P Global by 14.0% in the first quarter. Ravenstone Capital Management Inc. now owns 25,555 shares of the business services provider’s stock worth $10,870,000 after buying an additional 3,141 shares in the last quarter. Sapient Capital LLC raised its position in shares of S&P Global by 16.7% in the first quarter. Sapient Capital LLC now owns 628 shares of the business services provider’s stock worth $267,000 after buying an additional 90 shares in the last quarter. Carmignac Gestion boosted its stake in S&P Global by 10.4% during the first quarter. Carmignac Gestion now owns 955,021 shares of the business services provider’s stock valued at $406,158,000 after buying an additional 90,181 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd boosted its stake in S&P Global by 4.5% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 49,578 shares of the business services provider’s stock valued at $21,088,000 after buying an additional 2,129 shares during the period. 87.17% of the stock is owned by institutional investors.

About S&P Global

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.