How to Buy S&P Global Stock
S&P Global Inc
S&P Global is a financial datum & stock exchange company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker SPGI on the NYSE exchange.
S&P Global stock last closed at $512.17, down 0.47% from the previous day, and has increased 41.37% in one year. It has overperformed other stocks in the Financial Data & Stock Exchanges industry by 0.12 percentage points. S&P Global stock is currently +50.42% from its 52-week low of $340.49, and -3% from its 52-week high of $528.02.
There are currently 313M SPGI shares outstanding. The market cap of SPGI is $160.31B. In the last 24 hours, 683,127 SPGI shares were traded.
How to Buy S&P Global Stock
Not sure how to invest in S&P Global stock? Here's how.
- Decide where to buy S&P Global stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy S&P Global stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your payment method and add your info.
- Analyze S&P Global stock: The S&P Global ticker symbol is SPGI. Is S&P Global stock a good investment? Should you buy shares of SPGI? How do SPGI's underlying business fundamentals look? Do top analysts think S&P Global is a good buy? Why has SPGI's stock price moved recently? (Hint: Our stock market research website can help you figure out if SPGI is a good stock to buy).
- Place your SPGI purchase: Decide if you will purchase SPGI shares at the current market price or use a limit order to purchase SPGI stock at a particular price.
- Watch your SPGI position: Create a watchlist to get the latest news on your investment in S&P Global shares.
Step 1: Decide where to buy S&P Global stock
You will need a brokerage account in order to access the NYSE market and buy SPGI shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal details so you can invest in SPGI today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your investment account
Now that you have finished signing up on the best investment app, you need to deposit funds:
Check out this video walkthrough if you need help depositing money into your brokerage account.
Step 4: Analyze S&P Global stock
After you have chosen the best place to buy S&P Global stock, it's very important to research their stock prior to buying, so you truly understand the risk as well as the upside.
Overview of key SPGI info
S&P Global Fundamentals
WallStreetZen was built to help average investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on SPGI's stock page.
How is SPGI stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SPGI's true value.
Using relative valuations ratios:
- SPGI may be overvalued based on its P/E ratio of 48.46x, relative to Financial Data & Stock Exchanges industry P/E ratio of 38.45x
- SPGI could be undervalued based on its P/B ratio of 4.6x, relative to Financial Data & Stock Exchanges industry P/B ratio of 4.97x
- SPGI may be overvalued based on its PEG ratio of 2.49x
You can access additional valuation research on SPGI's stock here.
SPGI Financial Health
Positive Financial Indicators:
- SPGI profit margin has gone up from 19.5% to 25% in the past year.
- There are more short-term assets than short-term liabilities on the SPGI balance sheet.
- SPGI's operating cash flow of $4.85B allows it to safely service it's debt of $11.92B.
- SPGI earnings of $4.51B is not enough to cover its interest payments.
- Total SPGI debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the SPGI balance sheet.
- SPGI has a relatively high debt to equity ratio of 0.63.
Is it a good time to buy SPGI stock, according to analysts?
Out of 11 Equities analysts who give recommendations on SPGI, the consensus analyst rating on SPGI is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest SPGI Analyst Ratings
Andrew Steinerman, a top 10% analyst from JP Morgan maintains SPGI with a strong buy rating and raises their SPGI price target from $550.00 to $565.00, on Jul 31, 2024.
Shlomo Rosenbaum, a top 12% analyst from Stifel Nicolaus maintains SPGI with a strong buy rating and raises their SPGI price target from $535.00 to $540.00, on Jul 31, 2024.
Stifel Nicolaus's Shlomo Rosenbaum raised their price target on S&P Global (NYSE: SPGI) by 0.9% from $535 to $540 on 2024/07/31. The analyst maintained their Strong Buy rating on the stock.
S&P Global reported its Q2 2024 earnings on 2024/07/30.
Hiking their estimates post-print, Rosenbaum said that the quarter "was generally solid overall."
The analyst detailed that the Ratings segment was "the standout performer as tight credit spreads and a modest improvement in the capital markets environment resulted in a strong debt issuance quarter."
Earnings Report
For Q2 2024, S&P Global reported:
- EPS of $4.04, which beat the Zacks Consensus Estimate of $3.67 and, by %, Q2 2023's $3.12.
- Revenue of $3.55B, which beat the Zacks Consensus Estimate by 3.42% and Q2 2023's $3.1B by 14.5%.
For FY 2024, management guided:
- EPS of $14.35 to $14.60.
- 8% to 10% revenue growth.
President & CEO Douglas Peterson commented, "Our Q2 results demonstrate the power of S&P Global's strategy and the ability to respond quickly to dynamic markets and create value for our customers.
"In the current uncertain macro landscape, we delivered record revenue, significant operating margin expansion on both a GAAP and adjusted basis, and significant outperformance against our internal expectations on both GAAP and adjusted EPS."
Ashish Sabadra, a top 6% analyst from RBC Capital maintains SPGI with a buy rating and raises their SPGI price target from $500.00 to $552.00, on Jul 31, 2024.
Jeffrey Silber, a top 11% analyst from BMO Capital maintains SPGI with a buy rating and raises their SPGI price target from $532.00 to $537.00, on Jul 31, 2024.
Heather Balsky, a bottom 10% analyst from Bank of America maintains SPGI with a strong buy rating and raises their SPGI price target from $530.00 to $540.00, on Jul 16, 2024.
You can dive deeper into what analysts are saying on the S&P Global stock forecast page.
SPGI Momentum
SPGI Performance Metrics
Last year, SPGI earnings were $3.32B. Over the last 5 year, SPGI's earnings have grown by 5.92% per year. This was faster than the Financial Data & Stock Exchanges industry average of 2.15%.
Last year, SPGI revenue was $13.28B. During the past 5 year, SPGI's revenue has increased by 15.86% per year. This was faster than the Financial Data & Stock Exchanges industry average of 7.76%.
Find out more about SPGI's earnings and revenue performance here.
Latest Insiders Trades at SPGI
Over the last year, insiders at SPGI have sold more shares than they have bought.
Martina Cheung, President SP Global Ratings of SPGI, was the latest SPGI insider to sell. They sold $842,791.20 worth of SPGI stock on Aug 7, 2024.
Dig into more about who owns SPGI stock here.
Does SPGI stock generate passive income?
S&P Global pays a dividend of 0.53%, compared to the Financial Data & Stock Exchanges industry's average dividend yield of 1.36%. If you owned $1,000 of SPGI stock, you would have been paid $5.31 last year.
S&P Global dividend payments have consistently grown over the past decade and have remained stable.
Find more data about S&P Global dividend yield and history here.
Get analysis from other traders
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Step 5: Place your SPGI purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific price, use a limit order.
Click the Open button and eToro will place your order.
If you require more info about buying stocks on eToro, watch the helpful video below:
Step 6: Watch your SPGI position
Now that you own some SPGI shares, you'll want to stay up-to-date on your new shares.
Make a watchlist to track the latest developments regarding your SPGI stock.
SPGI Feed
How to Buy Stock in S&P Global
To summarize, here are the 6 steps to buy S&P Global stock:
- Decide where to buy S&P Global stock
- Sign up for your brokerage account
- Fund your investment account
- Analyze S&P Global stock
- Place your SPGI purchase
- Watch your SPGI position
If you are looking for a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your investment in S&P Global, create a watchlist today.
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