S&P Global (NYSE:SPGI) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of S&P Global (NYSE:SPGI) from a strong sell rating to a hold rating in a research note released on Monday,Zacks reports.

Several other research analysts also recently commented on SPGI. Wall Street Zen raised shares of S&P Global to a “hold” rating in a report on Saturday, September 5th. Stifel Nicolaus boosted their target price on shares of S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a report on Friday, July 17th. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Daiwa Securities Group cut their price target on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Finally, Bank of America cut their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Trading Down 1.5%

Shares of S&P Global stock opened at $412.19 on Monday. The stock has a market capitalization of $121.51 billion, a P/E ratio of 25.16, a P/E/G ratio of 2.02 and a beta of 1.07. S&P Global has a 52-week low of $381.61 and a 52-week high of $552.25. 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’s 50-day simple moving average is $427.20 and its 200 day simple moving average is $425.74.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, research analysts anticipate that S&P Global will post 17.75 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 23.69%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. ABS Direct Equity Fund LLC purchased a new stake in S&P Global in the 2nd quarter worth approximately $166,000. Rench Wealth Management Inc. lifted its holdings in S&P Global by 5.7% during the second quarter. Rench Wealth Management Inc. now owns 3,355 shares of the business services provider’s stock valued at $1,366,000 after purchasing an additional 180 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in S&P Global by 76.5% during the second quarter. The Manufacturers Life Insurance Company now owns 690,931 shares of the business services provider’s stock valued at $281,388,000 after purchasing an additional 299,454 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in S&P Global by 9.6% during the second quarter. Sequoia Financial Advisors LLC now owns 8,864 shares of the business services provider’s stock valued at $3,610,000 after purchasing an additional 778 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in shares of S&P Global by 343.5% in the second quarter. Tidal Investments LLC now owns 516,235 shares of the business services provider’s stock worth $198,989,000 after purchasing an additional 399,832 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Company Profile

S&P Global Inc (NYSE: SPGI) provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.