S&P Global (SPGI) Downgraded to “Hold” at ValuEngine
ValuEngine downgraded shares of S&P Global (NYSE:SPGI) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.
Several other equities research analysts have also commented on SPGI. Barclays boosted their price objective on shares of S&P Global from $180.00 to $185.00 and gave the stock an overweight rating in a research report on Friday, November 17th. Stifel Nicolaus started coverage on shares of S&P Global in a research report on Tuesday, December 19th. They issued a hold rating and a $186.00 price objective on the stock. Zacks Investment Research lowered shares of S&P Global from a buy rating to a hold rating and set a $188.00 price objective on the stock. in a research report on Friday, January 5th. Piper Jaffray Companies boosted their price objective on shares of S&P Global from $150.00 to $168.00 and gave the stock an overweight rating in a research report on Wednesday, January 10th. Finally, Nomura started coverage on shares of S&P Global in a research report on Thursday, January 11th. They issued a neutral rating and a $160.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. S&P Global currently has a consensus rating of Buy and a consensus price target of $190.36.
Shares of S&P Global (SPGI) opened at $194.96 on Wednesday. S&P Global has a 1 year low of $127.28 and a 1 year high of $196.14. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.13. The company has a market cap of $50,130.00, a PE ratio of 30.70, a P/E/G ratio of 1.56 and a beta of 1.41.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be paid a $0.50 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $2.00 annualized dividend and a yield of 1.03%. S&P Global’s payout ratio is presently 31.50%.
In related news, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $187.30, for a total value of $749,200.00. Following the completion of the transaction, the chief executive officer now owns 145,850 shares of the company’s stock, valued at approximately $27,317,705. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John L. Berisford sold 15,902 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $192.19, for a total transaction of $3,056,205.38. Following the completion of the transaction, the insider now directly owns 25,455 shares of the company’s stock, valued at approximately $4,892,196.45. The disclosure for this sale can be found here. Insiders sold a total of 20,792 shares of company stock valued at $3,973,197 in the last three months. 0.20% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. USA Mutuals Advisors Inc. acquired a new position in shares of S&P Global during the 4th quarter valued at about $108,000. Truewealth LLC acquired a new position in shares of S&P Global during the 4th quarter valued at about $112,000. Financial Gravity Companies Inc. acquired a new position in shares of S&P Global during the 4th quarter valued at about $115,000. Cerebellum GP LLC acquired a new position in shares of S&P Global during the 4th quarter valued at about $129,000. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of S&P Global by 89.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 396 shares during the last quarter. 84.89% of the stock is owned by institutional investors.
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About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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