S&P Global Inc. (NYSE:SPGI) Receives $548.18 Average Target Price from Analysts

Shares of S&P Global Inc. (NYSE:SPGI) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $556.58.

Several analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Oppenheimer raised their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, UBS Group lifted their target price on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th.

Insiders Place Their Bets

In related news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,862 shares of company stock worth $8,645,727. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On S&P Global

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sachetta LLC boosted its stake in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Pineridge Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $26,000. HWG Holdings LP purchased a new position in S&P Global in the 2nd quarter worth about $27,000. Hobbs Group Advisors LLC acquired a new stake in S&P Global during the 2nd quarter worth about $31,000. Finally, First Pacific Financial raised its holdings in S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after buying an additional 24 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

NYSE:SPGI opened at $514.60 on Tuesday. S&P Global has a fifty-two week low of $340.49 and a fifty-two week high of $528.02. The firm’s 50 day moving average is $504.41 and its two-hundred day moving average is $460.49. The company has a market cap of $161.02 billion, a P/E ratio of 57.69, a P/E/G ratio of 2.91 and a beta of 1.17. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same period last year, the business posted $3.12 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Analysts expect that S&P Global will post 14.57 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

S&P Global Company Profile

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.