S&P Global Inc. (NYSE:SPGI) had its price objective hoisted by Barclays PLC from $170.00 to $180.00 in a research report sent to investors on Friday, October 27th, Marketbeat Ratings reports. The firm currently has an overweight rating on the business services provider’s stock.
SPGI has been the topic 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 price target on the stock in a research report on Tuesday, August 29th. BidaskClub downgraded S&P Global from a strong-buy rating to a buy rating in a research report on Friday, October 20th. BMO Capital Markets upped their target price on S&P Global from $161.00 to $164.00 and gave the company an outperform rating in a research report on Friday, July 28th. Wells Fargo & Company upped their target price on S&P Global from $159.00 to $165.00 and gave the company a market perform rating in a research report on Friday, October 27th. Finally, UBS AG upped their target price on S&P Global from $154.00 to $175.00 and gave the company a buy rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $164.75.
Shares of S&P Global (SPGI) opened at $156.94 on Friday. S&P Global has a twelve month low of $107.21 and a twelve month high of $166.17. The stock 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 current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 4.00.
S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share 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 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 business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. analysts expect that S&P Global will post 6.64 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Monday, November 27th. S&P Global’s payout ratio is presently 24.08%.
In other 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 completion of the transaction, the senior vice president now directly owns 106 shares in the company, valued at approximately $16,059. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Courtney Geduldig sold 1,404 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $159.38, for a total value of $223,769.52. Following the completion of the transaction, 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. Insiders have sold 3,860 shares of company stock valued at $603,834 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC acquired a new stake in S&P Global in the second quarter valued at $106,000. American Beacon Advisors Inc. acquired a new stake in S&P Global during the 1st quarter worth about $103,000. Edmond DE Rothschild Holding S.A. grew its holdings in S&P Global by 1,214.1% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,025 shares of the business services provider’s stock worth $134,000 after acquiring an additional 947 shares during the period. Parallel Advisors LLC grew its holdings in S&P Global by 8.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,057 shares of the business services provider’s stock worth $162,000 after acquiring an additional 86 shares during the period. Finally, GQG Partners LLC acquired a new stake in S&P Global during the 2nd quarter worth about $160,000. Institutional investors and hedge funds own 86.33% 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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