UBS Group Cuts S&P Global (NYSE:SPGI) Price Target to $525.00

S&P Global (NYSE:SPGI) had its target price dropped by analysts at UBS Group from $550.00 to $525.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. UBS Group’s price objective would indicate a potential upside of 18.14% from the stock’s previous close.

A number of other analysts also recently commented on SPGI. Weiss Ratings downgraded S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada cut their price target on shares of S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday. Wells Fargo & Company lowered their price objective on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Mizuho raised their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen raised S&P Global to a “hold” rating in a report on Saturday. Seventeen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $536.82.

S&P Global Stock Performance

SPGI opened at $444.40 on Tuesday. S&P Global has a twelve month low of $381.61 and a twelve month high of $579.05. The stock has a market cap of $131.54 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. The business’s 50 day moving average is $419.23 and its 200-day moving average is $450.16. 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 (NYSE:SPGI) last announced its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the business earned $4.37 EPS. The firm’s revenue for the quarter 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, analysts predict that S&P Global will post 19.61 earnings per share for the current year.

Insider Buying and Selling

In other S&P Global news, CEO Catherine R. Clay acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the transaction, the chief executive officer owned 2,500 shares of the company’s stock, valued at approximately $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Martina Cheung bought 2,322 shares of the stock in a transaction on Wednesday, April 29th. The stock was acquired at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the acquisition, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On S&P Global

Hedge funds have recently made changes to their positions in the stock. Joseph Group Capital Management bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $29,000. North Star Investment Management Corp. boosted its stake in 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 buying an additional 35 shares in the last quarter. Palladiem LLC bought a new stake in S&P Global in the 4th quarter valued at $36,000. Palisade Asset Management LLC bought a new stake in S&P Global in the 3rd quarter valued at $36,000. Finally, Ameriflex Group Inc. raised its stake in shares of S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after buying an additional 48 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

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.