S&P Global (NYSE:SPGI) had its price objective upped by stock analysts at Piper Jaffray Companies from $150.00 to $168.00 in a report released on Wednesday. The firm presently has an “overweight” rating on the business services provider’s stock. Piper Jaffray Companies’ target price would indicate a potential downside of 4.33% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Cantor Fitzgerald restated a “buy” rating and set a $177.00 price target on shares of S&P Global in a research note on Thursday, October 26th. BidaskClub lowered S&P Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a research note on Thursday, September 21st. BMO Capital Markets restated a “buy” rating and set a $177.00 price target on shares of S&P Global in a research note on Friday, October 13th. Finally, UBS Group upped their price target on S&P Global from $173.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. S&P Global currently has an average rating of “Buy” and a consensus target price of $171.67.
Shares of S&P Global (NYSE SPGI) traded down $1.63 during trading hours on Wednesday, reaching $175.61. The company’s stock had a trading volume of 935,797 shares, compared to its average volume of 850,914. The firm has a market capitalization of $45,200.00, a price-to-earnings ratio of 25.79, a PEG ratio of 1.94 and a beta of 1.51. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.52 and a quick ratio of 1.52. S&P Global has a 12 month low of $110.54 and a 12 month high of $178.50.
In other news, EVP Courtney Geduldig sold 1,404 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $159.38, for a total value of $223,769.52. Following the completion of the sale, the executive vice president now owns 1,259 shares in the company, valued at $200,659.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total value of $631,160.00. Following the completion of the sale, the chief executive officer now owns 140,743 shares of the company’s stock, valued at approximately $22,207,837.97. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,000 shares of company stock valued at $1,104,704. Insiders own 0.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its holdings in S&P Global by 52.8% in the third quarter. Advisors Asset Management Inc. now owns 17,190 shares of the business services provider’s stock valued at $2,176,000 after purchasing an additional 5,942 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in S&P Global in the second quarter valued at about $590,000. Korea Investment CORP boosted its holdings in S&P Global by 11.1% in the third quarter. Korea Investment CORP now owns 310,109 shares of the business services provider’s stock valued at $48,473,000 after purchasing an additional 30,900 shares during the last quarter. Sumitomo Life Insurance Co. purchased a new position in S&P Global in the third quarter valued at about $2,623,000. Finally, Evercore Wealth Management LLC purchased a new position in S&P Global in the second quarter valued at about $730,000. 84.95% of the stock is owned by hedge funds and other institutional investors.
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S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
