S&P Global Inc. (NYSE:SPGI) had its price objective lifted by UBS AG from $173.00 to $185.00 in a research note issued to investors on Friday, October 27th, www.benzinga.com reports. They currently have a buy rating on the business services provider’s stock.
A number of other research firms also recently issued reports on SPGI. BMO Capital Markets reiterated a buy rating and set a $177.00 price target on shares of S&P Global in a research note on Friday, October 13th. Morgan Stanley boosted their target price on S&P Global from $154.00 to $158.00 and gave the stock an equal weight rating in a research note on Friday, October 6th. Zacks Investment Research downgraded S&P Global from a buy rating to a hold rating in a research note on Tuesday, September 12th. Barclays PLC upped their price objective on S&P Global from $170.00 to $180.00 and gave the company an overweight rating in a research note on Friday, October 27th. Finally, Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a $176.00 price objective on shares of S&P Global in a research note on Wednesday, October 18th. 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 presently has an average rating of Buy and a consensus target price of $164.75.
Shares of S&P Global (NYSE SPGI) opened at $156.94 on Friday. S&P Global has a 12-month low of $107.21 and a 12-month high of $166.17. The company has a market capitalization of $40,019.70, a PE ratio of 24.79, a P/E/G ratio of 1.89 and a beta of 1.51. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.52 and a quick ratio of 1.52.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.19. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. equities analysts anticipate that S&P Global will post 6.64 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be issued 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 currently 24.08%.
In related news, SVP Nancy Luquette sold 860 shares of the stock in a transaction on Wednesday, August 23rd. The stock was 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 $16,059. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Courtney Geduldig sold 1,404 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $159.38, for a total transaction of $223,769.52. Following the sale, the executive vice president now owns 1,259 shares of the company’s stock, valued at $200,659.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,860 shares of company stock worth $603,834. Insiders own 0.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in S&P Global by 2.0% during the second quarter. Vanguard Group Inc. now owns 19,774,884 shares of the business services provider’s stock valued at $2,886,935,000 after buying an additional 379,537 shares during the period. BlackRock Inc. boosted its position in S&P Global by 11.3% during the second quarter. BlackRock Inc. now owns 17,197,188 shares of the business services provider’s stock valued at $2,510,617,000 after buying an additional 1,744,482 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of S&P Global by 0.3% during the second quarter. Artisan Partners Limited Partnership now owns 7,089,999 shares of the business services provider’s stock worth $1,035,069,000 after purchasing an additional 18,758 shares during the period. Independent Franchise Partners LLP boosted its holdings in shares of S&P Global by 0.6% during the second quarter. Independent Franchise Partners LLP now owns 4,984,751 shares of the business services provider’s stock worth $727,723,000 after purchasing an additional 30,708 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of S&P Global by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 4,421,615 shares of the business services provider’s stock worth $687,694,000 after purchasing an additional 157,161 shares during the period. Institutional investors and hedge funds own 86.18% 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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