S&P Global Inc. (NYSE:SPGI) had its target price increased by Barclays PLC from $170.00 to $180.00 in a report published on Friday, October 27th, MarketBeat.com reports. Barclays PLC currently has an overweight rating on the business services provider’s stock.
A number of other equities analysts also recently commented on SPGI. Zacks Investment Research upgraded S&P Global from a hold rating to a buy rating and set a $166.00 price objective on the stock in a report on Monday, August 14th. Cantor Fitzgerald restated a buy rating and issued a $177.00 price objective on shares of S&P Global in a report on Thursday, October 26th. BMO Capital Markets downgraded S&P Global from an outperform rating to a market perform rating and set a $166.00 target price on the stock. in a report on Friday, October 27th. Wells Fargo & Company raised their target price on S&P Global from $159.00 to $165.00 and gave the company a market perform rating in a report on Friday, October 27th. Finally, UBS AG raised their target price on S&P Global from $154.00 to $175.00 and gave the company a buy rating in a report on Friday, July 28th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. S&P Global has a consensus rating of Buy and an average price target of $164.75.
Shares of S&P Global (SPGI) opened at $156.94 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 4.00. S&P Global has a 52 week low of $107.21 and a 52 week high of $166.17. The stock has a market capitalization of $40,267.05, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.90 and a beta of 1.51.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.19. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS. equities analysts predict that S&P Global will post 6.64 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.64 annualized dividend and a dividend yield of 1.04%. S&P Global’s payout ratio is 24.08%.
In related news, EVP Courtney Geduldig sold 1,596 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $156.50, for a total transaction of $249,774.00. Following the completion of the transaction, the executive vice president now owns 2,663 shares in the company, valued at approximately $416,759.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nancy Luquette sold 860 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total value of $130,290.00. Following the transaction, the senior vice president now owns 106 shares of the company’s stock, valued at approximately $16,059. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,860 shares of company stock valued at $603,834. Insiders own 0.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Korea Investment CORP raised its stake in S&P Global by 11.1% during the 3rd quarter. Korea Investment CORP now owns 310,109 shares of the business services provider’s stock valued at $48,473,000 after acquiring an additional 30,900 shares in the last quarter. Davis Selected Advisers raised its stake in S&P Global by 2.7% during the 2nd quarter. Davis Selected Advisers now owns 181,288 shares of the business services provider’s stock valued at $26,466,000 after acquiring an additional 4,810 shares in the last quarter. New York State Common Retirement Fund raised its stake in S&P Global by 4.3% during the 2nd quarter. New York State Common Retirement Fund now owns 889,431 shares of the business services provider’s stock valued at $129,848,000 after acquiring an additional 36,605 shares in the last quarter. Aperio Group LLC raised its stake in S&P Global by 14.7% during the 2nd quarter. Aperio Group LLC now owns 130,714 shares of the business services provider’s stock valued at $19,083,000 after acquiring an additional 16,713 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in S&P Global by 0.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,228 shares of the business services provider’s stock valued at $8,647,000 after acquiring an additional 194 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.
S&P Global Company Profile
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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