S&P Global Inc. (NYSE:SPGI) Receives $592.71 Average PT from Brokerages

S&P Global Inc. (NYSE:SPGI) has earned a consensus recommendation of “Buy” from the sixteen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $592.71.

SPGI has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Argus raised S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Stifel Nicolaus lowered their price target on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Finally, Mizuho assumed coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target on the stock.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On S&P Global

A number of institutional investors have recently bought and sold shares of SPGI. Wealthfront Advisers LLC grew its stake in shares of S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after acquiring an additional 6,051 shares during the period. Graham Capital Management L.P. bought a new stake in shares of S&P Global during the 4th quarter valued at $14,040,000. Freestone Capital Holdings LLC raised its position in shares of S&P Global by 0.4% during the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider’s stock valued at $5,727,000 after purchasing an additional 49 shares during the period. Asset Management One Co. Ltd. raised its holdings in S&P Global by 0.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 153,466 shares of the business services provider’s stock valued at $77,009,000 after acquiring an additional 1,432 shares during the period. Finally, Empowered Funds LLC raised its holdings in S&P Global by 16.7% during the fourth quarter. Empowered Funds LLC now owns 7,033 shares of the business services provider’s stock valued at $3,503,000 after acquiring an additional 1,006 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 0.2%

Shares of SPGI opened at $514.11 on Friday. S&P Global has a 1-year low of $427.14 and a 1-year high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $493.30 and its 200-day moving average price is $504.27. The firm has a market capitalization of $157.68 billion, a price-to-earnings ratio of 41.63, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.01 EPS. Sell-side analysts anticipate that S&P Global will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global’s payout ratio is currently 30.16%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.