Shares of S&P Global Inc. (NYSE:SPGI – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $575.14.
A number of analysts have commented on the stock. UBS Group upped their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Citigroup assumed coverage on S&P Global in a report on Friday. They issued a “buy” rating and a $600.00 target price on the stock. Morgan Stanley boosted their price target on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird boosted their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th.
Read Our Latest Stock Analysis on S&P Global
S&P Global Stock Performance
S&P Global (NYSE:SPGI – Get Free Report) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the firm posted $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts forecast that S&P Global will post 15.24 earnings per share for the current year.
S&P Global Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.
Institutional Investors Weigh In On S&P Global
Large investors have recently made changes to their positions in the company. HWG Holdings LP bought a new stake in S&P Global in the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new stake in S&P Global in the third quarter worth $27,000. Sachetta LLC raised its stake in S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. First Personal Financial Services bought a new position in S&P Global during the third quarter valued at $29,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of S&P Global in the 2nd quarter worth $31,000. 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.
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