S&P Global Inc. (NYSE:SPGI) has been assigned a consensus rating of “Buy” from the seven research firms that are covering the firm. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $133.67.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Argus increased their price objective on S&P Global from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Barclays PLC upgraded S&P Global from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $140.00 to $145.00 in a report on Wednesday, September 21st. Credit Suisse Group AG initiated coverage on S&P Global in a research note on Monday, July 11th. They issued an “outperform” rating and a $123.00 target price for the company. Finally, Cantor Fitzgerald restated a “buy” rating on shares of S&P Global in a research note on Friday, August 19th.
In related news, SVP Nancy Luquette sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total transaction of $61,540.00. Following the completion of the transaction, the senior vice president now owns 133 shares of the company’s stock, valued at approximately $16,369.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Finbarr J. Oneill sold 36,674 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $120.97, for a total value of $4,436,453.78. Following the transaction, the insider now directly owns 50,772 shares of the company’s stock, valued at approximately $6,141,888.84. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Artemis Investment Management LLP bought a new position in S&P Global during the second quarter worth $12,373,000. NN Investment Partners Holdings N.V. bought a new position in S&P Global during the second quarter worth $1,099,000. Capital One National Association bought a new position in S&P Global during the second quarter worth $591,000. Retirement Systems of Alabama bought a new position in S&P Global during the second quarter worth $18,672,000. Finally, Diligent Investors LLC bought a new position in S&P Global during the second quarter worth $1,926,000. 84.81% of the stock is owned by institutional investors.
S&P Global (NYSE:SPGI) traded up 0.92% on Thursday, reaching $125.29. The company’s stock had a trading volume of 529,247 shares. The company’s 50 day moving average price is $123.77 and its 200-day moving average price is $112.12. The stock has a market cap of $33.08 billion, a PE ratio of 28.74 and a beta of 1.28. S&P Global has a 12-month low of $78.55 and a 12-month high of $128.40.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.10. S&P Global had a return on equity of 320.10% and a net margin of 21.32%. The business earned $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business posted $1.21 EPS. The business’s revenue was up 10.4% on a year-over-year basis. On average, equities analysts expect that S&P Global will post $5.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Wednesday, August 24th. S&P Global’s dividend payout ratio (DPR) is presently 32.95%.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial, Inc, is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services.
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