Shares of S&P Global Inc (NYSE:SPGI) have earned a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $190.36.
A number of equities analysts recently weighed in on SPGI shares. Barclays reaffirmed an “overweight” rating and issued a $190.00 price target (up previously from $185.00) on shares of S&P Global in a report on Friday, December 15th. Zacks Investment Research cut S&P Global from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Stifel Nicolaus started coverage on S&P Global in a report on Tuesday, December 19th. They issued a “hold” rating and a $186.00 price target for the company. Piper Jaffray upped their price target on S&P Global from $150.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, January 10th. Finally, Nomura started coverage on S&P Global in a report on Thursday, January 11th. They issued a “neutral” rating and a $160.00 price target for the company.
In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $187.30, for a total transaction of $749,200.00. Following the completion of the transaction, the chief executive officer now owns 145,850 shares of the company’s stock, valued at $27,317,705. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Nancy Luquette sold 890 shares of the stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $188.53, for a total value of $167,791.70. The disclosure for this sale can be found here. Insiders have sold 20,792 shares of company stock valued at $3,973,197 in the last three months. Insiders own 0.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Tesuji Partners LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $180,044,000. Atlantic Trust Group LLC increased its holdings in shares of S&P Global by 2,825.8% in the third quarter. Atlantic Trust Group LLC now owns 528,026 shares of the business services provider’s stock valued at $82,536,000 after purchasing an additional 509,979 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of S&P Global by 67.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,099,900 shares of the business services provider’s stock valued at $186,323,000 after purchasing an additional 442,000 shares during the last quarter. BlackRock Inc. increased its holdings in shares of S&P Global by 2.3% in the fourth quarter. BlackRock Inc. now owns 18,078,515 shares of the business services provider’s stock valued at $3,062,502,000 after purchasing an additional 401,826 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of S&P Global by 48.2% in the fourth quarter. Bank of Montreal Can now owns 1,226,184 shares of the business services provider’s stock valued at $207,715,000 after purchasing an additional 398,623 shares during the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.
Shares of SPGI traded down $2.42 during mid-day trading on Friday, reaching $187.32. The company had a trading volume of 976,370 shares, compared to its average volume of 1,409,546. S&P Global has a 52-week low of $128.26 and a 52-week high of $197.76. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.13. The company has a market capitalization of $47,560.55, a price-to-earnings ratio of 27.19, a PEG ratio of 1.52 and a beta of 1.36.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.22. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.50 billion. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. S&P Global’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. equities analysts anticipate that S&P Global will post 8.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. This is a boost from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s dividend payout ratio is presently 29.03%.
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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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