S&P Global’s (SPGI) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of S&P Global (NYSE:SPGIFree Report) in a report released on Friday, Benzinga reports. They currently have a $500.00 price objective on the business services provider’s stock.

A number of other research firms have also recently issued reports on SPGI. Raymond James lifted their price target on S&P Global from $422.00 to $452.00 and gave the company an outperform rating in a report on Tuesday, January 9th. TheStreet raised shares of S&P Global from a c+ rating to a b- rating in a report on Monday, November 27th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, S&P Global has an average rating of Moderate Buy and a consensus price target of $446.25.

Get Our Latest Analysis on S&P Global

S&P Global Price Performance

Shares of NYSE:SPGI opened at $429.69 on Friday. The firm has a market capitalization of $136.13 billion, a PE ratio of 52.21, a PEG ratio of 2.36 and a beta of 1.18. The company has a current ratio of 0.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $437.72 and its 200-day moving average is $402.61. S&P Global has a 1-year low of $321.14 and a 1-year high of $461.16.

S&P Global (NYSE:SPGIGet Free Report) 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). The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.54 earnings per share. Sell-side analysts predict that S&P Global will post 14.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th will be given a dividend of $0.91 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Monday, February 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.85%. S&P Global’s payout ratio is 43.74%.

Insider Buying and Selling at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $405.28, for a total transaction of $2,431,680.00. Following the completion of the transaction, the chief executive officer now directly owns 163,613 shares in the company, valued at approximately $66,309,076.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On S&P Global

A number of institutional investors have recently made changes to their positions in SPGI. Fidelis Capital Partners LLC grew its position in S&P Global by 18.5% during the third quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock worth $515,000 after buying an additional 220 shares in the last quarter. Ascent Wealth Partners LLC bought a new position in S&P Global during the 2nd quarter worth approximately $262,000. Prossimo Advisors LLC lifted its holdings in S&P Global by 9.7% in the third quarter. Prossimo Advisors LLC now owns 1,420 shares of the business services provider’s stock valued at $519,000 after buying an additional 125 shares during the period. Meyer Handelman Co. lifted its stake in shares of S&P Global by 26.8% in the 3rd quarter. Meyer Handelman Co. now owns 13,426 shares of the business services provider’s stock valued at $4,906,000 after purchasing an additional 2,841 shares during the period. Finally, AE Wealth Management LLC lifted its stake in S&P Global by 5.6% in the third quarter. AE Wealth Management LLC now owns 82,343 shares of the business services provider’s stock valued at $30,089,000 after buying an additional 4,397 shares during the period. Institutional investors own 85.50% of the company’s stock.

About S&P Global

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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 six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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