S&P Global Inc. (NYSE:SPGI) Receives Average Recommendation of "Buy" from Analysts

Key Points

• S&P Global Inc. (NYSE:SPGI) received an average analyst rating of "Buy", with thirteen out of fifteen analysts recommending purchase of the stock.
• The average one-year target price among brokers for S&P Global has been set at $611.69, indicating potential upside for investors.
• S&P Global recently announced a quarterly dividend of $0.96 per share, with a yield of 0.7%, reflecting a payout ratio of 29.54%.

Shares of S&P Global Inc. (NYSE:SPGI - Get Free Report) have been given an average rating of "Buy" by the fifteen ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $611.6923.

SPGI has been the topic of a number of research reports. Oppenheimer boosted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. BMO Capital Markets boosted their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Robert W. Baird cut their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Barclays boosted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st.

Hedge Funds Weigh In On S&P Global

A number of institutional investors have recently added to or reduced their stakes in SPGI. Brighton Jones LLC increased its holdings in S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after buying an additional 143 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in S&P Global by 3.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after buying an additional 2,413 shares during the last quarter. GHE LLC increased its holdings in S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after buying an additional 274 shares during the last quarter. XTX Topco Ltd acquired a new position in S&P Global during the fourth quarter worth $355,000. Finally, MGO One Seven LLC increased its holdings in S&P Global by 32.7% during the fourth quarter. MGO One Seven LLC now owns 2,262 shares of the business services provider's stock worth $1,127,000 after buying an additional 558 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI opened at $552.2660 on Friday. The firm's 50 day moving average price is $533.20 and its two-hundred day moving average price is $513.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $168.61 billion, a P/E ratio of 42.48, a PEG ratio of 2.98 and a beta of 1.19. S&P Global has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, analysts forecast that S&P Global will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is presently 29.54%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.