Goldman Sachs Group, Inc. (The) reiterated their neutral rating on shares of S&P Global Inc. (NYSE:SPGI) in a research report sent to investors on Wednesday, October 18th, MarketBeat.com reports. Goldman Sachs Group, Inc. (The) currently has a $176.00 price objective on the business services provider’s stock.
SPGI has been the subject of a number of other research reports. Zacks Investment Research raised S&P Global from a hold rating to a buy rating and set a $170.00 target price for the company in a report on Tuesday, August 29th. Barclays PLC boosted their price target on S&P Global from $160.00 to $170.00 and gave the company an overweight rating in a research note on Friday, September 15th. BMO Capital Markets boosted their price target on S&P Global from $161.00 to $164.00 and gave the company an outperform rating in a research note on Friday, July 28th. UBS AG boosted their price target on S&P Global from $154.00 to $175.00 and gave the company a buy rating in a research note on Friday, July 28th. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a $146.00 price target (up previously from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. S&P Global presently has an average rating of Buy and a consensus price target of $164.75.
Shares of S&P Global (NYSE:SPGI) traded down 1.72% during trading on Wednesday, hitting $162.16. 1,707,842 shares of the stock were exchanged. S&P Global has a 12-month low of $107.21 and a 12-month high of $166.17. The stock’s 50 day moving average is $157.98 and its 200-day moving average is $148.27. The stock has a market cap of $41.68 billion, a price-to-earnings ratio of 18.89 and a beta of 1.50.
S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.19. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. Equities research analysts anticipate that S&P Global will post $6.51 EPS for the current year.
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In other news, SVP Nancy Luquette sold 860 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total transaction of $130,290.00. Following the sale, the senior vice president now directly owns 106 shares in the company, valued at $16,059. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SPGI. Wedbush Securities Inc. boosted its holdings in S&P Global by 0.3% in the second quarter. Wedbush Securities Inc. now owns 2,012 shares of the business services provider’s stock valued at $294,000 after acquiring an additional 6 shares during the last quarter. Guardian Life Insurance Co. of America boosted its holdings in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 10 shares during the last quarter. TNB Financial boosted its holdings in S&P Global by 1.9% in the second quarter. TNB Financial now owns 2,202 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 42 shares during the last quarter. Parallel Advisors LLC boosted its holdings in S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 50 shares during the last quarter. Finally, Brookstone Capital Management boosted its holdings in S&P Global by 1.0% in the second quarter. Brookstone Capital Management now owns 5,447 shares of the business services provider’s stock valued at $795,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 85.59% of the company’s stock.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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