Media stories about S&P Global (NYSE:SPGI) have been trending positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. S&P Global earned a news impact score of 0.27 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 47.3626991662343 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- S&P Global to Present at Raymond James & Associates’ 39th Annual Institutional Investors Conference on March 5 (finance.yahoo.com)
- S&P Global Finalizes Acquisition of Panjiva, Inc. (finance.yahoo.com)
- BancorpSouth Bank Acquires New Stake in S&P Global Inc (SPGI) (americanbankingnews.com)
- First Republic Investment Management Inc. Boosts Stake in S&P Global Inc (SPGI) (americanbankingnews.com)
- State of Tennessee Treasury Department Has $20.31 Million Position in S&P Global Inc (SPGI) (americanbankingnews.com)
Several research analysts recently issued reports on the stock. Argus upped their price target on shares of S&P Global to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Piper Jaffray Companies reiterated an “overweight” rating and set a $229.00 price target (up previously from $224.00) on shares of S&P Global in a research report on Tuesday, February 13th. Credit Suisse Group upped their price target on shares of S&P Global from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald upped their price target on shares of S&P Global from $190.00 to $196.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Finally, Barclays upped their price target on shares of S&P Global from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $190.36.
S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.22. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company posted $1.28 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. research analysts predict that S&P Global will post 8.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 23rd. This is an increase from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 dividend on an annualized basis and a yield of 1.03%. S&P Global’s dividend payout ratio is presently 25.83%.
In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $187.30, for a total transaction of $749,200.00. Following the transaction, the chief executive officer now directly owns 145,850 shares in the company, valued at approximately $27,317,705. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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