S&P Global Inc. (SPGI) Upgraded at Barclays PLC
S&P Global Inc. (NYSE:SPGI) was upgraded by research analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating in a note issued to investors on Wednesday. The firm presently has a $145.00 price target on the stock. Barclays PLC’s price objective indicates a potential upside of 13.67% from the company’s current price.
SPGI has been the topic of several other reports. Credit Suisse Group AG assumed coverage on S&P Global in a research report on Monday, July 11th. They set an “outperform” rating and a $123.00 price target on the stock. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Tuesday. Macquarie assumed coverage on S&P Global in a research report on Thursday, August 25th. They set an “outperform” rating and a $140.00 price target on the stock. Argus boosted their price target on S&P Global from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Finally, Cantor Fitzgerald set a $117.00 price target on S&P Global and gave the stock a “buy” rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. S&P Global presently has a consensus rating of “Buy” and a consensus price target of $131.43.
S&P Global (NYSE:SPGI) traded up 2.23% during midday trading on Wednesday, hitting $127.56. The stock had a trading volume of 964,386 shares. The company has a market cap of $33.68 billion, a price-to-earnings ratio of 29.26 and a beta of 1.22. The company has a 50-day moving average price of $122.22 and a 200-day moving average price of $109.88. S&P Global has a 12-month low of $78.55 and a 12-month high of $127.75.
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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, beating the consensus estimate of $1.34 by $0.10. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. S&P Global had a return on equity of 320.10% and a net margin of 21.32%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 EPS. Equities analysts anticipate that S&P Global will post $5.19 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.13%. S&P Global’s dividend payout ratio (DPR) is 32.95%.
In other news, SVP Nancy Luquette sold 500 shares of the business’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 value of $61,540.00. Following the completion of the sale, the senior vice president now directly owns 133 shares in the company, valued at approximately $16,369.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Finbarr J. Oneill sold 36,674 shares of the business’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 completion of the sale, the insider now owns 50,772 shares of the company’s stock, valued at $6,141,888.84. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Jacobus Wealth Management Inc. bought a new position in S&P Global during the second quarter worth about $107,000. Fuller & Thaler Asset Management Inc. bought a new position in S&P Global during the second quarter worth about $113,000. FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in S&P Global during the second quarter worth about $129,000. West Oak Capital LLC bought a new position in S&P Global during the second quarter worth about $139,000. Finally, Meeder Asset Management Inc. bought a new position in S&P Global during the second quarter worth about $147,000. Institutional investors and hedge funds own 84.81% of the company’s stock.
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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