S&P Global Inc. (NYSE:SPGI) Receives $462.60 Average PT from Brokerages

Shares of S&P Global Inc. (NYSE:SPGI) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $467.89.

A number of research analysts have issued reports on the stock. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Oppenheimer increased their target price on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. BMO Capital Markets upped their price target on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Barclays upped their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Trading of S&P Global

Several large investors have recently modified their holdings of SPGI. D.B. Root & Company LLC increased its position in shares of S&P Global by 3.6% during the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 23 shares during the last quarter. Mayflower Financial Advisors LLC raised its position in S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after acquiring an additional 23 shares during the period. Allworth Financial LP boosted its stake in shares of S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after acquiring an additional 24 shares during the last quarter. Oakworth Capital Inc. grew its position in shares of S&P Global by 31.2% during the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 24 shares during the period. Finally, Independence Bank of Kentucky increased its stake in shares of S&P Global by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.2 %

Shares of NYSE SPGI opened at $429.21 on Friday. The firm’s fifty day moving average is $422.49 and its 200 day moving average is $420.97. S&P Global has a 52 week low of $340.49 and a 52 week high of $461.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a market cap of $134.30 billion, a price-to-earnings ratio of 48.12, a PEG ratio of 2.37 and a beta of 1.14.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. On average, equities research analysts expect that S&P Global will post 14.1 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s dividend payout ratio is currently 40.81%.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.