JPMorgan Chase & Co. Cuts S&P Global (NYSE:SPGI) Price Target to $530.00

S&P Global (NYSE:SPGI) had its price objective reduced by JPMorgan Chase & Co. from $555.00 to $530.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other analysts have also weighed in on the company. Citigroup boosted their price objective on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen raised S&P Global to a “hold” rating in a report on Saturday, July 4th. Wells Fargo & Company decreased their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Finally, Robert W. Baird dropped their price target on S&P Global from $521.00 to $513.00 and set an “outperform” rating on the stock in a research report on Wednesday. Eighteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Trading Down 0.7%

NYSE SPGI opened at $412.24 on Wednesday. The company has a market capitalization of $121.53 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 2.21 and a beta of 1.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.68. S&P Global has a 12 month low of $381.61 and a 12 month high of $579.05. The company’s fifty day moving average price is $423.91 and its two-hundred day moving average price is $438.02.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping the consensus estimate of $4.81 by $0.02. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts predict that S&P Global will post 17.74 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, August 26th. S&P Global’s dividend payout ratio is presently 23.69%.

Institutional Investors Weigh In On S&P Global

A number of hedge funds have recently added to or reduced their stakes in SPGI. Tema ETFs LLC grew its position in shares of S&P Global by 9.7% during the second quarter. Tema ETFs LLC now owns 7,748 shares of the business services provider’s stock worth $3,155,000 after acquiring an additional 683 shares during the last quarter. William Mack & Associates Inc. acquired a new position in S&P Global during the 2nd quarter valued at about $246,000. Charles Schwab Trust Co acquired a new position in S&P Global during the 2nd quarter valued at about $204,000. Fulton Bank N.A. grew its position in S&P Global by 69.3% in the 2nd quarter. Fulton Bank N.A. now owns 1,852 shares of the business services provider’s stock worth $754,000 after purchasing an additional 758 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in shares of S&P Global by 23.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 1,031 shares of the business services provider’s stock valued at $420,000 after purchasing an additional 194 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Key S&P Global News

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Wells Fargo issued a Buy rating on S&P Global, adding to the bullish case for the stock. Wells Fargo Releases a Buy Rating on S&P Global
• Positive Sentiment: Citigroup said S&P Global’s stock price is expected to rise, providing a positive counterpoint to the more cautious views from other analysts. Citigroup Analyst Says S&P Global Stock Price Expected to Rise
• Positive Sentiment: S&P Global agreed to acquire a stake in African ratings firm Agusto, expanding its presence in a developing credit-markets region and potentially supporting long-term growth. S&P Global Buys Into African Ratings With Agusto Deal
• Positive Sentiment: An investment analysis described the recent selloff as a potential buying opportunity, arguing that the company’s long-term fundamentals remain attractive. S&P Global: Why This Selloff Is a Rare Buying Opportunity
• Neutral Sentiment: Analysts remain divided on S&P Global, with bullish ratings offset by concerns about valuation and earnings estimates. Analysts Conflicted on S&P Global
• Neutral Sentiment: S&P Global underperformed some industry peers in the latest trading session, indicating weaker near-term market momentum. S&P Global Stock Underperforms Competitors
• Negative Sentiment: Robert W. Baird issued a pessimistic forecast for S&P Global’s stock price, adding pressure to the shares. Robert W. Baird Issues Pessimistic Forecast
• Negative Sentiment: JPMorgan Chase also issued a cautious stock-price forecast, reinforcing concerns about limited upside. JPMorgan Issues Pessimistic Forecast
• Negative Sentiment: Erste Group Bank reduced its FY2027 earnings-per-share forecast, signaling expectations for slower future profit growth. Erste Group Bank Cuts S&P Global FY2027 EPS Forecast
• Negative Sentiment: One valuation analysis called the stock slightly overvalued even after its substantial decline, which may discourage near-term buyers. S&P Global Stock Looks Slightly Overvalued

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.