ValuEngine cut shares of S&P Global (NYSE:SPGI) from a buy rating to a hold rating in a research report report published on Wednesday.
A number of other analysts have also recently weighed in on SPGI. Barclays raised their price target on shares of S&P Global from $180.00 to $185.00 and gave the company an overweight rating in a report on Friday, November 17th. Stifel Nicolaus initiated coverage on shares of S&P Global in a report on Tuesday, December 19th. They issued a hold rating and a $186.00 price target on the stock. Zacks Investment Research cut shares of S&P Global from a buy rating to a hold rating and set a $188.00 price target on the stock. in a report on Friday, January 5th. Piper Jaffray Companies raised their price target on shares of S&P Global from $150.00 to $168.00 and gave the company an overweight rating in a report on Wednesday, January 10th. Finally, Nomura started coverage on S&P Global in a research note on Thursday, January 11th. They set a neutral rating and a $160.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $190.36.
S&P Global (SPGI) opened at $194.96 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.13. S&P Global has a 1-year low of $127.28 and a 1-year high of $196.14. The stock has a market cap of $49,500.00, a PE ratio of 30.70, a price-to-earnings-growth ratio of 1.54 and a beta of 1.41.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, February 23rd. This is a boost from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s dividend payout ratio is 31.50%.
In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $187.30, for a total value of $749,200.00. Following the completion of the transaction, the chief executive officer now owns 145,850 shares in the company, valued at $27,317,705. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Nancy Luquette sold 890 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $188.53, for a total value of $167,791.70. The disclosure for this sale can be found here. Insiders have sold 20,792 shares of company stock valued at $3,973,197 in the last 90 days. Company insiders own 0.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Certified Advisory Corp purchased a new position in S&P Global in the fourth quarter worth $1,320,000. KCM Investment Advisors LLC raised its position in S&P Global by 6.9% in the fourth quarter. KCM Investment Advisors LLC now owns 9,324 shares of the business services provider’s stock worth $1,579,000 after acquiring an additional 598 shares in the last quarter. Colonial Trust Advisors grew its holdings in S&P Global by 31.2% in the fourth quarter. Colonial Trust Advisors now owns 31,134 shares of the business services provider’s stock valued at $5,274,000 after purchasing an additional 7,405 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in S&P Global by 4.8% in the fourth quarter. Xact Kapitalforvaltning AB now owns 61,240 shares of the business services provider’s stock valued at $10,374,000 after purchasing an additional 2,786 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in S&P Global by 112.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 51,091 shares of the business services provider’s stock valued at $8,654,000 after purchasing an additional 26,999 shares during the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.
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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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