S&P Global Inc. (NYSE:SPGI) Receives $133.67 Consensus PT from Brokerages
Shares of S&P Global Inc. (NYSE:SPGI) have received a consensus rating of “Buy” from the seven brokerages that are currently covering the stock. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $133.67.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Argus increased their price target on S&P Global from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Barclays PLC raised S&P Global from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $140.00 to $145.00 in a research report on Wednesday, September 21st. Credit Suisse Group AG assumed coverage on S&P Global in a research report on Monday, July 11th. They issued an “outperform” rating and a $123.00 price target for the company. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of S&P Global in a research report on Friday, August 19th.
In other S&P Global news, insider Finbarr J. Oneill sold 36,674 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $120.97, for a total value of $4,436,453.78. Following the completion of the transaction, the insider now owns 50,772 shares in the company, valued at approximately $6,141,888.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Nancy Luquette sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total value of $61,540.00. Following the completion of the transaction, the senior vice president now owns 133 shares of the company’s stock, valued at approximately $16,369.64. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of SPGI. Jacobus Wealth Management Inc. bought a new position in shares of S&P Global during the second quarter valued at approximately $107,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of S&P Global during the second quarter valued at approximately $113,000. FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in shares of S&P Global during the second quarter valued at approximately $129,000. West Oak Capital LLC bought a new position in shares of S&P Global during the second quarter valued at approximately $139,000. Finally, Quadrant Capital Group LLC bought a new position in shares of S&P Global during the second quarter valued at approximately $146,000. Institutional investors and hedge funds own 84.81% of the company’s stock.
Shares of S&P Global (NYSE:SPGI) opened at 123.86 on Thursday. S&P Global has a 12 month low of $78.55 and a 12 month high of $128.40. The stock has a 50 day moving average of $124.02 and a 200-day moving average of $112.41. The company has a market cap of $32.70 billion, a PE ratio of 28.41 and a beta of 1.28.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. The business earned $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. S&P Global had a return on equity of 320.10% and a net margin of 21.32%. S&P Global’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 EPS. Equities analysts forecast that S&P Global will post $5.20 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.44 annualized dividend and a dividend yield of 1.16%. S&P Global’s payout ratio is 32.95%.
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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