S&P Global (NYSE:SPGI) Stock Gets Price Target Cut from JPMorgan Chase & Co.

S&P Global (NYSE:SPGI) had its price objective trimmed by JPMorgan Chase & Co. from $530.00 to $520.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the business services provider’s stock.

A number of other research firms have also recently weighed in on SPGI. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research report on Saturday, September 5th. The Goldman Sachs Group reduced their target price on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Citigroup raised their target price on shares of S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Barclays dropped their price target on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Finally, Rothschild & Co Redburn cut 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 report on Thursday, June 18th. Eighteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $515.88.

S&P Global Price Performance

Shares of S&P Global stock opened at $429.07 on Wednesday. The stock has a market cap of $126.49 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day moving average price of $415.86 and a 200-day moving average price of $421.38. S&P Global has a one year low of $381.61 and a one year high of $552.25.

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, beating the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the company posted $4.43 EPS. The company’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 17.500-17.750 EPS. Equities analysts expect that S&P Global will post 17.69 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a dividend of $0.97 per share. The ex-dividend date is Wednesday, November 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s payout ratio is presently 23.69%.

Institutional Trading of S&P Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pingora Partners LLC purchased a new stake in shares of S&P Global during the second quarter valued at $29,000. James T. Borello RIA purchased a new position in S&P Global in the 3rd quarter worth about $36,000. Sankala Group LLC bought a new stake in S&P Global during the 4th quarter valued at about $51,000. WPG Advisers LLC lifted its holdings in S&P Global by 37.0% during the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock valued at $41,000 after buying an additional 27 shares in the last quarter. Finally, Frazier Financial Advisors LLC lifted its holdings in S&P Global by 31.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider’s stock valued at $48,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

S&P Global Inc (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. The company serves financial institutions, corporations, governments and other organizations by helping them assess credit risk, evaluate markets, manage portfolios, analyze supply chains and make business decisions.

Its principal businesses include S&P Global Ratings, which provides credit ratings, research and related analytical services; S&P Global Market Intelligence, which delivers financial and industry data, research and workflow solutions; and S&P Global Commodity Insights, which supplies pricing information, market analysis and intelligence for energy and commodities markets.