S&P Global Inc. (NYSE:SPGI) Receives $548.18 Consensus Price Target from Brokerages

S&P Global Inc. (NYSE:SPGI) has been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $556.58.

Several research firms have recently issued reports on SPGI. Royal Bank of Canada raised their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Barclays increased their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Stifel Nicolaus boosted their target price on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, UBS Group increased their price target on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th.

S&P Global Trading Down 0.5 %

S&P Global stock opened at $512.17 on Tuesday. The stock has a market cap of $160.26 billion, a PE ratio of 57.42, a P/E/G ratio of 2.91 and a beta of 1.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $504.86 and a 200 day moving average price of $461.38. S&P Global has a 52 week low of $340.49 and a 52 week high of $528.02.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the business posted $3.12 earnings per share. The company’s revenue was up 14.4% on a year-over-year basis. Equities research analysts predict that S&P Global will post 14.57 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 Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Insider Buying and Selling

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the sale, the chief executive officer now owns 154,912 shares in the company, valued at approximately $74,915,443.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,862 shares of company stock valued at $8,645,727. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On S&P Global

Several large investors have recently made changes to their positions in SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of S&P Global by 107.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after acquiring an additional 2,962 shares in the last quarter. AAFMAA Wealth Management & Trust LLC bought a new position in shares of S&P Global in the first quarter valued at approximately $1,222,000. Quadrature Capital Ltd bought a new stake in shares of S&P Global in the first quarter valued at approximately $2,236,000. New Mexico Educational Retirement Board raised its holdings in S&P Global by 20.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 20,586 shares of the business services provider’s stock valued at $8,444,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Eventide Asset Management LLC lifted its position in S&P Global by 85.0% in the fourth quarter. Eventide Asset Management LLC now owns 4,208 shares of the business services provider’s stock worth $1,854,000 after purchasing an additional 1,933 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.