S&P Global Inc. (NYSE:SPGI) Receives $548.18 Average PT from Brokerages

S&P Global Inc. (NYSE:SPGI) has earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $556.58.

SPGI has been the topic of several analyst reports. Wells Fargo & Company upgraded S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. BMO Capital Markets lifted their price target on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Barclays boosted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th.

S&P Global Trading Down 1.1 %

Shares of SPGI opened at $506.61 on Tuesday. S&P Global has a 52-week low of $340.49 and a 52-week high of $528.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $504.86 and its two-hundred day moving average is $461.62. The stock has a market cap of $158.52 billion, a PE ratio of 56.79, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the firm earned $3.12 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Research analysts forecast that S&P Global will post 14.57 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On S&P Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pineridge Advisors LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $26,000. HWG Holdings LP acquired a new position in S&P Global in the second quarter valued at approximately $27,000. Sachetta LLC boosted its holdings in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in S&P Global in the second quarter valued at approximately $31,000. Finally, First Pacific Financial boosted its holdings in S&P Global by 49.0% in the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 24 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

About S&P Global

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.