Stifel Nicolaus Increases S&P Global (NYSE:SPGI) Price Target to $446.00

S&P Global (NYSE:SPGI) had its price objective hoisted by Stifel Nicolaus from $442.00 to $446.00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

A number of other equities research analysts also recently commented on SPGI. Raymond James raised their target price on S&P Global from $422.00 to $452.00 and gave the company an outperform rating in a report on Tuesday, January 9th. Oppenheimer reissued an outperform rating and set a $480.00 price objective on shares of S&P Global in a report on Tuesday, April 2nd. Barclays increased their target price on shares of S&P Global from $500.00 to $520.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Erste Group Bank reissued a hold rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, 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 report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $462.60.

S&P Global Stock Down 0.1 %

Shares of S&P Global stock opened at $415.33 on Friday. S&P Global has a one year low of $340.49 and a one year high of $461.16. The company has a market cap of $129.96 billion, a P/E ratio of 46.56, a PEG ratio of 2.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a fifty day moving average of $423.63 and a two-hundred day moving average of $418.41.

S&P Global (NYSE:SPGI) last posted its quarterly 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 net margin of 22.01% and a return on equity of 12.20%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. On average, analysts forecast that S&P Global will post 14.03 earnings per share for the current year.

Insider Activity at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the transaction, the chief executive officer now directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On S&P Global

Institutional investors and hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its stake in shares of S&P Global by 819.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,085 shares of the business services provider’s stock worth $396,000 after purchasing an additional 967 shares during the period. Boston Trust Walden Corp boosted its stake in S&P Global by 5.8% in the 3rd quarter. Boston Trust Walden Corp now owns 3,560 shares of the business services provider’s stock worth $1,301,000 after buying an additional 195 shares during the last quarter. Ballentine Partners LLC grew its holdings in S&P Global by 3.6% in the 3rd quarter. Ballentine Partners LLC now owns 3,939 shares of the business services provider’s stock valued at $1,439,000 after buying an additional 137 shares during the period. Oak Harbor Wealth Partners LLC increased its stake in shares of S&P Global by 5.6% during the 3rd quarter. Oak Harbor Wealth Partners LLC now owns 1,747 shares of the business services provider’s stock valued at $638,000 after acquiring an additional 93 shares during the last quarter. Finally, Solidarity Wealth LLC purchased a new position in shares of S&P Global during the 3rd quarter worth about $1,471,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

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.