S&P Global Inc. (NYSE:SPGI) Receives $601.07 Consensus PT from Brokerages

S&P Global Inc. (NYSE:SPGI) has earned a consensus rating of “Buy” from the fifteen brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $604.85.

Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on S&P Global from $627.00 to $632.00 and gave the stock an “overweight” rating in a research report on Thursday, July 3rd. Morgan Stanley lifted their price target on S&P Global from $587.00 to $595.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Oppenheimer boosted their price objective on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price objective on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Finally, Bank of America started coverage on S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective on the stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $530.33 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $519.19 and its two-hundred day moving average is $508.18. The company has a market cap of $162.65 billion, a P/E ratio of 41.66, a P/E/G ratio of 2.56 and a beta of 1.19. S&P Global has a 12 month low of $427.14 and a 12 month high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.01 EPS. On average, equities analysts expect that S&P Global will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, August 26th. S&P Global’s dividend payout ratio is 30.16%.

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president owned 5,131 shares of the company’s stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On S&P Global

Institutional investors and hedge funds have recently bought and sold shares of the business. Minot DeBlois Advisors LLC acquired a new position in S&P Global in the fourth quarter worth $25,000. Cheviot Value Management LLC acquired a new position in S&P Global in the first quarter worth $26,000. Costello Asset Management INC acquired a new position in S&P Global in the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global in the second quarter worth $26,000. Finally, Anderson Financial Strategies LLC acquired a new position in S&P Global in the fourth quarter worth $27,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

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.