S&P Global (NYSE:SPGI) PT Raised to $483.00

S&P Global (NYSE:SPGIFree Report) had its target price boosted by BMO Capital Markets from $480.00 to $483.00 in a research report released on Monday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the business services provider’s stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada reissued an outperform rating and issued a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Raymond James increased their price objective on S&P Global from $422.00 to $452.00 and gave the stock an outperform rating in a research note on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $464.22.

Check Out Our Latest Stock Report on SPGI

S&P Global Stock Performance

SPGI stock opened at $426.46 on Monday. S&P Global has a 1-year low of $329.46 and a 1-year high of $461.16. The firm has a market cap of $136.58 billion, a PE ratio of 51.82, a price-to-earnings-growth ratio of 2.44 and a beta of 1.15. The stock has a 50-day moving average price of $432.10 and a 200-day moving average price of $411.79. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGIGet Free Report) last issued its earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm earned $2.54 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts expect that S&P Global will post 14 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were issued a $0.91 dividend. The ex-dividend date was Monday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a dividend yield of 0.85%. S&P Global’s dividend payout ratio is currently 44.23%.

Insider Buying and Selling at S&P Global

In other S&P Global 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 transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On S&P Global

Several institutional investors have recently made changes to their positions in SPGI. Kathleen S. Wright Associates Inc. purchased a new stake in shares of S&P Global during the third quarter worth $25,000. Private Wealth Management Group LLC purchased a new stake in shares of S&P Global in the fourth quarter worth $26,000. Pineridge Advisors LLC purchased a new stake in shares of S&P Global in the fourth quarter worth $26,000. Valued Wealth Advisors LLC purchased a new stake in shares of S&P Global in the fourth quarter worth $28,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position in shares of S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 87.17% 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 S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, and S&P Dow Jones Indices segments.

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