S&P Global (NYSE:SPGI) Now Covered by Jefferies Financial Group

Research analysts at Jefferies Financial Group initiated coverage on shares of S&P Global (NYSE:SPGI) in a report released on Thursday, Briefing.com Automated Import reports. The firm set a “buy” rating on the business services provider’s stock.

A number of other analysts have also issued reports on the company. Argus raised their price target on S&P Global to $290.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets lifted their price objective on S&P Global to $266.00 in a research note on Wednesday, October 30th. Cantor Fitzgerald lifted their price objective on S&P Global from $244.00 to $294.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. ValuEngine lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $268.00.

NYSE:SPGI traded down $3.71 during mid-day trading on Thursday, reaching $264.39. The company’s stock had a trading volume of 1,031,500 shares, compared to its average volume of 1,186,071. The company’s fifty day simple moving average is $252.60 and its two-hundred day simple moving average is $241.79. The company has a debt-to-equity ratio of 8.91, a current ratio of 1.10 and a quick ratio of 1.10. S&P Global has a twelve month low of $156.68 and a twelve month high of $272.65. The stock has a market cap of $64.25 billion, a P/E ratio of 31.10, a P/E/G ratio of 2.80 and a beta of 1.07.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.12. S&P Global had a return on equity of 448.14% and a net margin of 32.22%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $2.11 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. Sell-side analysts expect that S&P Global will post 9.38 EPS for the current fiscal year.

In related news, CEO Alexander Matturri, Jr. sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $262.10, for a total transaction of $287,785.80. Following the transaction, the chief executive officer now directly owns 20,465 shares of the company’s stock, valued at approximately $5,363,876.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Nicholas Cafferillo sold 3,219 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $257.90, for a total value of $830,180.10. Following the transaction, the chief technology officer now directly owns 2,707 shares in the company, valued at $698,135.30. The disclosure for this sale can be found here. Insiders sold a total of 6,077 shares of company stock worth $1,565,992 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in S&P Global by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 20,916,210 shares of the business services provider’s stock worth $4,764,503,000 after purchasing an additional 193,682 shares during the last quarter. BlackRock Inc. increased its holdings in S&P Global by 2.1% during the 2nd quarter. BlackRock Inc. now owns 16,706,719 shares of the business services provider’s stock worth $3,805,622,000 after purchasing an additional 339,310 shares during the last quarter. Edgewood Management LLC increased its holdings in S&P Global by 0.3% during the 2nd quarter. Edgewood Management LLC now owns 6,451,886 shares of the business services provider’s stock worth $1,469,675,000 after purchasing an additional 20,045 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in S&P Global by 43,397.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,953,477 shares of the business services provider’s stock worth $672,772,000 after purchasing an additional 2,946,687 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in S&P Global by 10.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,535,233 shares of the business services provider’s stock worth $577,501,000 after purchasing an additional 244,070 shares during the last quarter. 83.26% 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 ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Analyst Recommendations for S&P Global (NYSE:SPGI)

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