S&P Global Inc. (NYSE:SPGI) Receives $464.22 Average Target Price from Analysts

Shares of S&P Global Inc. (NYSE:SPGI) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $464.22.

SPGI has been the topic of several recent research reports. BMO Capital Markets boosted their price target on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Raymond James upped their target price on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, Oppenheimer reissued an “outperform” rating and set a $480.00 price target on shares of S&P Global in a research report on Tuesday, April 2nd.

S&P Global Stock Down 2.0 %

SPGI opened at $409.56 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $131.17 billion, a price-to-earnings ratio of 49.76, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15. The business has a 50-day moving average of $427.55 and a two-hundred day moving average of $414.99. S&P Global has a 12 month low of $338.92 and a 12 month high of $461.16.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the firm posted $2.54 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, research analysts expect that S&P Global will post 14.02 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were paid a dividend of $0.91 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Monday, February 26th. S&P Global’s dividend payout ratio is presently 44.23%.

Insider Buying and Selling

In other news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SPGI. D.B. Root & Company LLC lifted its holdings in shares of S&P Global by 3.6% in the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after buying an additional 23 shares during the period. Mayflower Financial Advisors LLC lifted its holdings in shares of S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after buying an additional 23 shares during the period. Allworth Financial LP lifted its holdings in shares of S&P Global by 1.8% in the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after buying an additional 24 shares during the period. Oakworth Capital Inc. lifted its holdings in shares of S&P Global by 31.2% in the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after buying an additional 24 shares during the period. Finally, Independence Bank of Kentucky lifted its holdings in shares of S&P Global by 1.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after buying an additional 25 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

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.