S&P Global Inc. (NYSE:SPGI) Receives Consensus Rating of “Buy” from Brokerages

Shares of S&P Global Inc. (NYSE:SPGI) have been given an average recommendation of “Buy” by the seventeen analysts that are covering the company, MarketBeat reports. Fifteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $613.00.

SPGI has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Mizuho lifted their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Stifel Nicolaus dropped their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Finally, Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th.

Institutional Trading of S&P Global

Several hedge funds have recently bought and sold shares of the business. Avantax Advisory Services Inc. boosted its holdings in shares of S&P Global by 4.1% in the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after buying an additional 850 shares during the last quarter. Divergent Planning LLC purchased a new stake in S&P Global during the second quarter valued at approximately $303,000. Vanguard Group Inc. raised its position in S&P Global by 1.1% in the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after acquiring an additional 315,916 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of S&P Global by 6.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after acquiring an additional 733 shares during the last quarter. Finally, SCS Capital Management LLC bought a new stake in shares of S&P Global during the 1st quarter valued at $240,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.7%

Shares of S&P Global stock opened at $499.15 on Friday. The stock’s 50-day moving average is $488.69 and its 200 day moving average is $516.09. S&P Global has a one year low of $427.14 and a one year high of $579.05. The firm has a market cap of $151.14 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 2.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. Equities research analysts anticipate that S&P Global will post 17.11 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 10th. Stockholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s payout ratio is currently 27.93%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.