S&P Global (NYSE:SPGI – Free Report) had its price target boosted by Stifel Nicolaus from $442.00 to $446.00 in a report published on Friday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.
SPGI has been the topic of a number of other research reports. BMO Capital Markets boosted their target price on S&P Global from $480.00 to $483.00 and gave the company an outperform rating in a report on Monday, April 1st. Raymond James boosted their target price on S&P Global from $422.00 to $452.00 and gave the company an outperform rating in a report on Tuesday, January 9th. Erste Group Bank reissued a hold rating on shares of S&P Global in a report on Wednesday, April 3rd. Royal Bank of Canada reissued an outperform rating and issued a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Finally, Barclays boosted their target price on S&P Global from $500.00 to $520.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, S&P Global has an average rating of Moderate Buy and a consensus target price of $462.60.
Read Our Latest Stock Report on SPGI
S&P Global Trading Up 0.1 %
S&P Global (NYSE:SPGI – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, research analysts predict that S&P Global will post 14.03 EPS for the current year.
Insiders Place Their Bets
In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.
Institutional Trading of S&P Global
A number of institutional investors have recently bought and sold shares of SPGI. Fidelis Capital Partners LLC raised its holdings in shares of S&P Global by 18.5% in the third quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock worth $515,000 after acquiring an additional 220 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of S&P Global by 6.1% in the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after acquiring an additional 87 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new position in shares of S&P Global in the fourth quarter worth $1,644,000. Citizens Financial Group Inc. RI raised its holdings in shares of S&P Global by 54.2% in the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock worth $1,397,000 after acquiring an additional 1,115 shares during the last quarter. Finally, Aspiriant LLC acquired a new position in S&P Global in the fourth quarter valued at $398,000. 87.17% of the stock is currently owned by hedge funds and other 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.
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