Barclays PLC upgraded shares of S&P Global Inc. (NYSE:SPGI) from an equal weight rating to an overweight rating in a report issued on Wednesday. The brokerage currently has $145.00 price objective on the stock, up from their previous price objective of $140.00.
Several other brokerages also recently weighed in on SPGI. Zacks Investment Research downgraded shares of S&P Global from a buy rating to a hold rating in a report on Tuesday, September 20th. Cantor Fitzgerald set a $117.00 price objective on shares of S&P Global and gave the company a buy rating in a research report on Thursday, July 28th. Macquarie assumed coverage on shares of S&P Global in a research report on Thursday, August 25th. They set an outperform rating and a $140.00 price objective on the stock. Argus lifted their price objective on shares of S&P Global from $120.00 to $135.00 and gave the company a buy rating in a research report on Wednesday, August 17th. Finally, Morgan Stanley reiterated an equal weight rating and set a $120.00 price objective on shares of S&P Global in a research report on Tuesday, July 19th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $131.43.
Shares of S&P Global (NYSE:SPGI) opened at 124.98 on Wednesday. S&P Global has a 12 month low of $78.55 and a 12 month high of $128.40. The stock has a market cap of $32.99 billion, a PE ratio of 28.67 and a beta of 1.22. The firm’s 50-day moving average is $122.55 and its 200 day moving average is $110.22.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results 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. S&P Global had a net margin of 21.32% and a return on equity of 320.10%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts predict that S&P Global will post $5.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, August 24th. S&P Global’s dividend payout ratio is presently 32.95%.
In related news, SVP Nancy Luquette sold 500 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $123.08, for a total value of $61,540.00. Following the sale, the senior vice president now owns 133 shares in the company, valued at $16,369.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Finbarr J. Oneill sold 36,674 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $120.97, for a total transaction of $4,436,453.78. Following the completion of the sale, the insider now owns 50,772 shares in the company, valued at approximately $6,141,888.84. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. Jacobus Wealth Management Inc. acquired a new stake in shares of S&P Global during the second quarter valued at $107,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of S&P Global during the second quarter valued at $113,000. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in shares of S&P Global during the second quarter valued at $129,000. West Oak Capital LLC purchased a new position in S&P Global during the second quarter worth $139,000. Finally, Quadrant Capital Group LLC purchased a new position in S&P Global during the second quarter worth $146,000. Institutional investors own 84.81% of the company’s stock.
S&P Global Company Profile
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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