S&P Global (NYSE:SPGI) Given New $560.00 Price Target at Stifel Nicolaus

S&P Global (NYSE:SPGI) had its price target upped by Stifel Nicolaus from $540.00 to $560.00 in a research report released on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the business services provider’s stock.

A number of other research firms also recently weighed in on SPGI. Oppenheimer raised their price target on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Robert W. Baird raised their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Barclays lifted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Price Performance

NYSE:SPGI opened at $480.20 on Monday. The firm has a market capitalization of $150.25 billion, a price-to-earnings ratio of 53.83, a P/E/G ratio of 2.76 and a beta of 1.18. S&P Global has a 52-week low of $342.93 and a 52-week high of $533.29. The stock has a fifty day moving average of $512.79 and a 200 day moving average of $472.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the business posted $3.21 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, research analysts expect that S&P Global will post 14.79 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.76%. S&P Global’s dividend payout ratio is presently 40.81%.

Insider Activity at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by company insiders.

Institutional Trading of S&P Global

Several large investors have recently bought and sold shares of the company. Dudley Capital Management LLC bought a new stake in S&P Global during the 3rd quarter valued at approximately $417,000. Portside Wealth Group LLC boosted its position in S&P Global by 8.7% during the 3rd quarter. Portside Wealth Group LLC now owns 853 shares of the business services provider’s stock valued at $441,000 after acquiring an additional 68 shares in the last quarter. Consolidated Planning Corp boosted its position in S&P Global by 7.0% during the 3rd quarter. Consolidated Planning Corp now owns 7,396 shares of the business services provider’s stock valued at $3,821,000 after acquiring an additional 484 shares in the last quarter. Valley Brook Capital Group Inc. bought a new stake in S&P Global during the 3rd quarter valued at approximately $225,000. Finally, Montecito Bank & Trust bought a new stake in S&P Global during the 3rd quarter valued at approximately $257,000. 87.17% of the stock is owned by institutional investors.

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.